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Australia's central bank stands firm on leaving cash rate unchanged

Xinhua, June 2, 2015 Adjust font size:

The Reserve Bank of Australia (RBA) has left the local cash rate unchanged at a record low and is expected to keep it that way for several months.

The cash rate remains at 2 percent following May's quarter of a percentage point cut and RBA governor Glenn Stevens on Tuesday didn't indicate any future rate moves.

He said the bank would monitor economic and financial conditions in the weeks ahead before considering its rates stance in a month's time. Endi