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Australia central bank holds interest rate steady at 1.5%

Mr Lowe blames a contraction in the economy on "temporary factors".


THE Reserve Bank of Australia's (RBA) nod to rising leverage and a pickup in home loans suggest an easing is unlikely any time soon - given the governor has financial stability hard-wired into his DNA.

Philip Lowe and his board left interest rates unchanged at 1.5 per cent...

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