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Wednesday, March 3, 2021
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Australia’s central bank in no hurry to raise rates: deputy governor

A top Australian central banker gave a clear signal on Friday that interest rates in the country were set to remain at record lows for a while yet, wrong-footing hawks and sending the local currency sliding from a two-year peak.

Reserve Bank of Australia (RBA) Deputy Governor Guy Debelle, speaking at an event in Adelaide, quashed talk of domestic interest rate hikes which had gathered momentum after the Bank of Canada increased its policy rate to 0.75 percent last week.

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