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04.08.2015 08:38 Reserve Bank of Australia kept its interest rate at 2.00%

The Reserve Bank of Australia (RBA) kept unchanged its interest rate at 2.00% on Tuesday. This decision was expected by analysts.

 

 

The RBA Governor Glenn Stevens said that the board' decision was appropriate at this meeting.

 

 

He said that the economic growth was "below longer-term averages", growth of employment was stronger, and "domestic inflationary pressures have been contained".

 

 

The central bank removed the sentence that the further interest rate cut is "both likely and necessary".



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