RBA’s Stevens highlights challenges as rates stay on hold
Central bank keeping one eye on risks but holding rates steady
Glenn Stevens, governor of the Reserve Bank of Australia (RBA), picked out a number of risks that threaten the Australian economy while presenting this month's monetary policy decision.
Rates remained on hold at 2.5%, with Stevens noting "the most prudent course" was likely to be "a period of stability" in rates.
The Australian economy is facing a mix of up and downside risks. In particular, weakening property markets in China "present a challenge" Steven said. He said some of Australia's most
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