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Economy

Australia central bank upgrades 2021 growth forecast to 4.75%

Key interest rate kept at record-low 0.1% as bank focuses on unemployment

The RBA has upgraded its growth forecast to 4.75% for 2021, from its February forecast of 3.5%.   © Reuters

SYDNEY (Reuters) -- Australia's central bank left its key rates at near zero for a fifth straight meeting on Tuesday and pledged to keep policy super loose for a prolonged period even though the country's economy is set to expand at a "stronger than expected" pace.

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