Home MoneyBanks Australian central bank holds rates at 1.5%

Australian central bank holds rates at 1.5%

by Yomna Yasser

Australian central bank kept on Tuesday its cash rate steady at 1.5 percent, a widely expected outcome given it was only a month since the last easing and the economic background had changed little since then.

The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. A Reuters poll of 33 analysts had found all expected a steady outcome this week.

Source: Reuters

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