RBA chalks up half century
The Reserve Bank of Australia (RBA) turned 50 on Thursday, as unemployment in the country fell to an eight-month low of 5.5%.
The data, which is some of the most positive to emerge from a developed economy in the aftermath of the crisis, delighted markets, causing the Australian dollar to hit a two-month high.
Australia was the first of the G20 members to hike interest rates last October. Glenn Stevens, the central bank's governor, expressed confidence in the level of growth and the importance
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