May 3, 2011 / 4:37 AM / 6 years ago

Australia central bank keeps rates at 4.75 pct

SYDNEY, May 3 (Reuters) - Australia's central bank on Tuesday kept its main cash rate steady at 4.75 percent in a widely expected decision, though risks are growing it will have to move later in the year to keep inflation restrained amid a massive trade and mining boom.

The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. For text of the statement see: [ID:nEMS51RNA1]

Reporting by Wayne Cole; Editing by Balazs Koranyi

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