Australia central bank holds rates at 2%
Published Tue, Feb 2, 2016 · 03:45 AM
[SYDNEY] Australia's central bank kept its cash rate steady at a record low of 2.0 per cent on Tuesday, a widely expected decision given signs the domestic economy was holding up in the face of global headwinds.
The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. A Reuters poll of 32 analysts had found all expected no change this week.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Biden now calls ally Japan ‘xenophobic’ along with China, Russia
Japanese companies struggle with yen’s continued weakness
Australia’s March goods trade surplus narrows to more than 3-year low
Hong Kong holds rate as Fed signals inflation concerns
Australian business strength is shocking even its biggest lender
South Korea’s factory activity shrinks in April, but optimism about outlook ticks up