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Friday April 26, 2024

Australia keeps interest rate at 2pc

SYDNEY: Australia´s central bank Tuesday held interest rates at a record low of 2.0 percent as it kept the possibility of further easing on the table and dropped calls for a weaker exchange rate. The Reserve Bank of Australia said it would continue to monitor data over the next few

By our correspondents
August 05, 2015
SYDNEY: Australia´s central bank Tuesday held interest rates at a record low of 2.0 percent as it kept the possibility of further easing on the table and dropped calls for a weaker exchange rate.
The Reserve Bank of Australia said it would continue to monitor data over the next few months, adding that leaving the cash rate unchanged "was appropriate" for this month.