RBA on why it kept policy rate unchanged
The Reserve Bank of Australia decided to "pause for a further evaluation" of the economic situation and so leave the cash rate unchanged at 3.25%, according to minutes of the March meeting.
The board noted that the monetary easing implemented over recent months was large by historical standards. Early indications were that both the monetary and fiscal stimulus that had been applied to the economy were having an expansionary effect, but the size of this remained unclear and it would take some
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