Aust stocks flat at noon

Local market narrows small early losses as RBA maintains easing bias.

The Australian stock market narrowed small early losses to sit flat at noon after the Reserve Bank of Australia said it was open to more cuts in the official cash rate, but not yet.

At 1205 AEST, the benchmark S&P/ASX200 index inched down 0.06% to 5,244.7 points, while the broader All Ordinaries index was 0.05% lower at 5,239 points.

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