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RBA keeps interest rate at record low

Aussie central bank takes "prudent" course, seeks lower exchange rate to achieve balanced growth in the economy

Australia's central bank has left the cash rate unchanged for the 15th consecutive time, reflecting opposing pressures on the economy with a booming housing market and slumping commodity prices.


AUSTRALIA'S central bank on Tuesday held interest rates at a record low 2.5 per cent, signalling its intention to keep an accommodative monetary policy while saying a weaker exchange rate is needed to support growth.

It was the 15th consecutive meeting in which the Reserve