Australia central bank holds rates, keeps easing bias

Australia’s central bank kept its main cash rate at a record low of 3.0 per cent on Tuesday, as expected, but reiterated there was room to cut if needed given a benign outlook for inflation.

The Australian dollar edged higher as the market had seen a slender chance of a cut from the Reserve Bank of Australia (RBA) at its March policy meeting.

via Business feed http://www.scmp.com/business/economy/article/1179196/australia-central-bank-holds-rates-keeps-easing-bias