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Australia's central bank holds fire, leaves rates steady at record low 3%

AFP
February 6, 2013, 11:49 am TWN

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SYDNEY -- Australia's central bank left official interest rates on hold Tuesday, saying downside risks to the global economy appeared to have abated, particularly in China, Europe and the United States.

Reserve Bank of Australia Governor Glenn Stevens kept rates at their record low of 3 percent, a level last seen in the global financial crisis, offering an upbeat assessment of global and domestic prospects.

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