Australia's central bank in 'no particular rush' to raise rates
SYDNEY, April 24 (Reuters) - The next move in Australian
interest rates is likely to be up, but with unemployment falling
only gradually there is "no particular rush" to hike, a top
central banker said on Tuesday.
Reserve Bank of Australia (RBA) Assistant Governor
Christopher Kent said the central bank had been clear on the
steady rate outlook for some time and there was no reason to
Rates have been held at a record low of 1.5 percent since
August 2016 and markets are wagering they will remain there
until sometime in 2019.
(Reporting by Wayne Cole
Editing by James Dalgleish)
First Published: 2018-04-24 00:04:39
Updated 2018-04-24 00:41:15
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