Australia central bank holds rates steady for a 5th month

Australia's central bank kept its cash rate unchanged at a record low 2.0 per cent on Tuesday for a fifth straight month in a widely expected decision as it waited to judge the impact of past easings. 

PHOTO: BLOOMBERG

OCT 6, 201511:55 AM

[SYDNEY] Australia's central bank kept its cash rate unchanged at a record low 2.0 per cent on Tuesday for a fifth straight month in a widely expected decision as it waited to judge the impact of past easings.

The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. All 25 analysts polled by Reuters last week expected no change this week.

REUTERS