RBA Bets Shift Toward Keeping Rates on Hold

  • Stevens has signaled a reluctance to reduce benchmark rates
  • Aussie near 80 U.S. cents may concern RBA, CIBC's Bennett says

Glenn Stevens, governor of the Reserve Bank of Australia.

Photographer: Brendon Thorne/Bloomberg

Traders are increasingly betting Reserve Bank of Australia chief Glenn Stevens will sit tight on policy for the final six months of his tenure, as a commodities rebound reflects ebbing pessimism in the global economy.

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