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Australia central bank keeps rates at 1.5%

Tuesday, December 6, 2016 - 11:47

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Australia's central bank held its cash rate at 1.5 per cent on Tuesday, a widely expected decision as it assesses the impact of past cuts in August and May.

[SYDNEY] Australia's central bank held its cash rate at 1.5 per cent on Tuesday, a widely expected decision as it assesses the impact of past cuts in August and May.

The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. A Reuters poll of 64 analysts had found all five expected a steady rate outcome this week.

REUTERS

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