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RBA skips on rate cut; focus shifts to May

Central bank's decision to hold at 2.25% surprises many investors who had wagered plunging prices for iron ore would force its hand

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A cut at the May 5 meeting would allow the RBA to expand on its reasoning in its quarterly statement on monetary policy, a weighty economic outlook due just three days later.

Sydney

AUSTRALIA'S central bank kept interest rates steady for a second month on Tuesday to defy market pressure for a cut, but the stars are better aligned for a move in May.

The Reserve Bank of Australia's (RBA) decision to hold at 2.25 per cent surprised many investors who had