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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

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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.

Sydney

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

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