sydney: austrana's central bank kept interest rates at a historic low of 2.0 yesterday, playing down recent global volatility as it noted the economy was moderately expanding and inflation contained.
the reserve bank of australia (RBA),which last loewered rates from 2.25 in may, said the australian dollar was also adjusting to lower commodity prices as a decadelong mining boom unwinds.
"the board today judged that leaving the cash rate unchanged was appropriate at this meeting," RBA governor Glenn Stevens said in a statement
he said the global economy was expanding at a moderate pace, assisted by stronger US growth as he noted recent softening in china and east asia