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December, 10, 2016

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Australia keeps rates on hold at 2.5% for seventh straight session

SYDNEY--Australia's central bank on Tuesday kept interest rates at a record low 2.5 percent for a seventh straight board meeting amid only tentative signs that the non-mining economy is improving.

The central bank indicated a "period of stability" in the cash rate as the commodity-powered nation's transition away from its reliance on the mining sector struggles to take hold.









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