RBA retains scope for monetary easing
The Reserve Bank of Australia today (February 21) released minutes from the latest Monetary Policy Board meeting, which showed the thinking behind holding the benchmark rate at 4.25% – a move that surprised markets earlier this month.
The board members celebrated the fact that the decisions in November and December 2011 to lower the cash rate by a cumulative 50 basis points in response to the improved inflation outlook and deterioration in the global economy had now been passed through to most
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