Australia central bank leaves rate unchanged but notes high currency

11/5/2013 | Bloomberg · Sydney Morning Herald (Australia), The

Australia's central bank kept its principal interest rate at 2.5% but said the nation's currency remains "uncomfortably high." HSBC economist Paul Bloxham said the bank apparently is trying to talk the dollar down to help secure economic growth. "On the margin, [the bank] is probably a bit more dovish, in the sense that it's very focused around the currency and the fact that the currency is still too high for them," Bloxham said.

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Bloomberg · Sydney Morning Herald (Australia), The

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