RBA & BoJ Keep Rates On Hold
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G10 Advancers and Decliners vs USD JPY 0.17 CHF -0.04 GBP -0.21 EUR -0.70 The Reserve Bank of Australia (RBA) kept their benchmark interest rate unchanged at 4.50% this morning. Amidst the rather healthy data releasing from Australia (the recent Q2 GDP), the fourth straight pause was largely expected. Growth down under has been close to trend, the inflation level is close to target and with the global growth recovery still shaky, policymakers from down under don’t want…
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