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Australia central bank holds rates at 2%

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Australia's central bank left its cash rate unchanged at a record low of 2 per cent on Tuesday amid signs the economy is steadily shaking off the worst of a once-in-a-century mining downturn.

[SYDNEY] Australia's central bank left its cash rate unchanged at a record low of 2 per cent on Tuesday amid signs the economy is steadily shaking off the worst of a once-in-a-century mining downturn.

The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. A Reuters poll of 41 analysts had found all expected no move this week.

REUTERS

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