SYDNEY, April 5 (Xinhua) -- Australia's central bank, the Reserve Bank of Australia (RBA), announced on Tuesday afternoon that it would not increase its 0.1 percent cash rate despite pressures from rising inflation.
"Inflation has increased in Australia, but it remains lower than in many other countries; in underlying terms, inflation is 2.6 percent and in headline terms it is 3.5 percent," said RBA governor Phi
