RBA says low rates appropriate for 'some time yet'
Australia's central bank also says economy faces 'significant headwinds'
The Reserve Bank of Australia (RBA) notes in its latest statement on monetary policy that evidence of the effects of a substantial degree of stimulus has continued to accumulate since last August, when the cash rate, the bank’s key interest rate, was lowered to its current level of 2.5%.
“At the same time, the economy continues to face some significant headwinds, with a large decline in capital spending in the resources sector getting under way and fiscal consolidation in prospect,” the bank
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