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RBA holds rates, stays silent on further easing

Political uncertainty at home and abroad calls for keeping policy powder dry for now

EASING EXPECTED: A Reuters poll of 37 economists found the majority still looked for the central bank to cut interest rates in August.


AUSTRALIA'S central bank kept interest rates at an all-time low of 1.75 per cent on Tuesday, a widely expected decision given political uncertainty at home and abroad and a lack of timely data on domestic inflation.

The Reserve Bank of Australia (RBA) ended its July policy...