Australia’s top central banker made an explicit case on Friday for rates to remain at record lows for some time yet as inflation stays lukewarm while there is still some spare capacity in the labor market. “The Board’s view is that it is likely that we will hold steady for a while yet,” Reserve Bank of Australia (RBA) Governor Philip Lowe said before a parliamentary economics committee in Canberra. The RBA last cut rates to 1.50 percent in August 2016 and has since remained on the sidelines, making the current stretch of stable policy the longest in modern history. “It is likely to be some time before we are at full ... (full story)