Australia central bank holds interest rates, signals easing ahead

FILE PHOTO: A worker delivering parcels pushes a trolley past the Reserve Bank of Australia building in central Sydney, Australia, March 7, 2017. REUTERS/David Gray

The Reserve Bank of Australia kept the rate unchanged at 0.25%, as widely expected in a Reuters poll, and at the level it has stood since an emergency cut in mid-March. “The Board continues to consider how additional monetary easing could support jobs as the economy opens up further.” “Both fiscal and monetary support will be required for some time given the outlook for the economy and the prospect of high unemployment,” Lowe said.

This looks like the cover of a Rush album.

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