RBA holds rates steady
Jacob GreberSenior correspondent
Updated
Reserve Bank of Australia board members remain determined to avoid being drawn into the currency wars, but have acknowledged that its recent strength is excessive and risks hurting the economy.
Leaving the benchmark interest rate unchanged at 2 per cent for a tenth straight meeting, Reserve Bank governor Glenn Stevens cautioned the rising currency could "complicate" the economy's transition away from resources.
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Jacob Greber writes about politics, economics and business from Canberra. He has been a Washington correspondent and economics correspondent. Connect with Jacob on Twitter. Email Jacob at jgreber@afr.com
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