RBA Keeps Rates On Hold, Provides 'Scope For Further Easing'
July 02, 2013 at 09:06 AM EDT
Overnight, the Reserve Bank of Australia (RBA) kept rates on hold for the second consecutive month after cutting its benchmark interest rate in May. The Bank has been easing policy in the face of slowing exports to China, which have weighed on growth and seen inflation slow. Rate Decision The RBA, led