SYDNEY, July 2 (Reuters) - Australia's central bank kept its cash rate steady at a record low of 2.75 percent on Tuesday, a widely expected decision given a sharp fall in the local currency in recent weeks and signs past easing was slowly working through the economy.
The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. The vast majority of analysts had felt the RBA would hold rates this week, though many still expect a further easing in coming months.
(Reporting by Wayne Cole; Editing by Lincoln Feast) Keywords: AUSTRALIA ECONOMY/RATES
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