Reserve Bank governor Graeme Wheeler has kept the official
cash rate at 2.5 per cent and expects to stay put for the
rest of the year as he balances the competing tensions of an
"overvalued" currency and an overheating property market.
Australian Prime Minister Julia Gillard's leadership again
hangs by a thread as Labor MPs in fear of their seats
increasingly swing to ousted predecessor Kevin Rudd as a
last-minute saviour for the September 14 election.