Dow Jones Newswires: RBA moves to defend yield curve target, but more action likely needed

The Reserve Bank of Australia has defended its yield curve target of 0.10% after several days of inaction, tamping down speculation that it was preparing to signal an earlier start to interest rate increases.

The Reserve Bank of Australia has defended its yield curve target of 0.10% after several days of inaction, tamping down speculation that it was preparing to signal an earlier start to interest rate increases.