July 5 (Bloomberg) -- The Reserve Bank of Australia left its benchmark interest rate unchanged today for a seventh straight meeting as signs of slower growth from Europe to China dimmed prospects for an acceleration in hiring at home.
Governor Glenn Stevens held the overnight cash rate target at 4.75 percent in Sydney, as forecast by all 28 economists surveyed by Bloomberg News. Before today’s announcement, interbank cash-rate futures showed traders bet there is no chance of an increase this year.
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