RBA holds rates, stays silent on further easing

Sydney

AUSTRALIA'S central bank kept interest rates at an all-time low of 1.75 per cent on Tuesday, a widely expected decision given political uncertainty at home and abroad and a lack of timely data on domestic inflation.

The Reserve Bank of Australia (RBA) ended its July policy meeting with no guidance on whether it might ease any further, disappointing some who had looked for an explicit easing bias.

"Further information should allow the Board to refine its assessment of the outlook for growth and inflation and to make any adjustment to the …