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RBA holds key rate due to commodity upswing
But central bank governor notes that "some slowing in the year-ended growth rate is likely"
Add BT as a preferred sourcePublished Tue, Dec 6, 2016 · 09:50 PM
Sydney
AUSTRALIA's central bank kept interest rates unchanged as a global commodity upswing eases the impact of a weaker economy at home.
Governor Philip Lowe left the cash rate at 1.5 per cent on Tuesday, saying "some slowing in the year-ended growth rate is likely" while noting that higher resource export prices "are providing a boost to national income".
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