RBA keeps rates unchanged as expected

FXStreet (Mumbai) - The Reserve Bank of Australia (RBA) left the cash rate unchanged at 2% as expected. The rates have stayed unchanged since May.

The policy statement maintained once again that the US is adjusting to significant declines in commodity prices and inflation outlook may afford scope for further easing.

Key Points

Room for further policy easing if needed

Inflation is low and should remain so

Low rates supporting borrowing and spending

Information suggests moderate expansion in the economy continues