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AUG 05, 2014 - MarketWatch

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Australia stands pat on rates; Aussie dollar inches up

LOS ANGELES (MarketWatch) -- The Reserve Bank of Australia held its policy interest rate at a record-low 2.5% on Tuesday, as widely expected. In comments accompanying the decision, RBA Gov. Glenn Stevens repeated language from his statement following the previous central-bank meeting in July, saying that "on present indications, the most prudent course is likely to be a period of stability in interest rates." He also mirrored his remarks that the value of the Australian dollar "remain[ed] high by historical standards, particularly given the declines in key commodity prices." Both sentences ... Read More

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