The Reserve Bank of Australia has left the cash rate unchanged at 2.25 per cent, after cutting it by 25 basis points in February.RBA governor Glenn Stevens said the economy was still growing at a below trend pace and the Australia dollar was still too high, but it was appropriate to hold the cash rate steady for the time being after last month's reduction."Further easing of policy may be appropriate over the period ahead, in order to foster sustainable growth in demand and inflation consistent with the target," he said.
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