Current Event: Reserve Bank leaves interest rates on hold

http://www.abc.net.au/news/2014-06-03/reserve-bank-leaves-interest-rates-on-hold/5497408?section=business

The Reserve Bank of Australia held interest rates at 2.5% for the tenth straight month.  The bank expressed concerns that the value of the Australian dollar has remained high, even though prices of commodities have significantly dropped.  In particular the price of iron ore has fallen dramatically.  Historically, the Australian dollar has been worth less than it has recently.  The Reserve Bank wants a lower exchange rate to assist in balanced economic growth.  The bank hopes to resolve this issue by keeping steady interest rates, but may look to adjust their inflation rate to bring the value of the Australian dollar down.