7/2/2013

Australia's central bank opted for the second month running to keep rates steady but said it's ready to act depending on developments. The bank's board "judged that the easier financial conditions now in place will contribute to a strengthening of growth over time. ... The Board also judged that the inflation outlook, as currently assessed, may provide some scope for further easing, should that be required to support demand," bank governor Glenn Stevens said in a statement.

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