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REUTERS/David Gray 2/2 By Swati Pandey | SYDNEY SYDNEY Australia's central bank held rates steady for a ninth straight month on Tuesday in a widely expected decision as it balances the risk of rising household debt against subdued inflation and wages growth. The Reserve Bank of Australia (RBA) kept rates at a record low 1.5 percent, following easings in August and May last year. All 71 economists in a Reuters poll expected a steady outcome this week. [AU/INT] The RBA sounded optimistic about the economy but retained its concerns about a "mixed" labor market. It added a new line in its statement, warning wages growth was expected to remain slow "for a while yet". "That's the most pessimistic view on wages that we've seen from the RBA in a while," said Michael Blythe, an economist at Commonwealth Bank of Australia. "It seems like they are confident that inflation is expected to remain low for sometime." Australia's consumer price inflation have a peek at these guys Plastic Surgeon mortgage tiptoed atop 2 percent last quarter for the first time since 2015 but the RBA's favored measures of underlying inflation stayed below its target band of 2-3 percent. RBA Governor Philip Lowe has on many occasions argued against the need for further stimulus, insisting any further cuts would be against the "national interest" as record-low cash rates have pushed households into a debt binge. The Australian dollar AUD=D4 popped up briefly after the central bank statement, with investors focusing on some of the RBA's more upbeat assessments.

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