April 1, 2014 / 3:42 AM / 4 years ago

Australia central bank holds rates at 2.5 percent

SYDNEY (Reuters) - Australia’s central bank kept its cash rate steady at a record low of 2.5 percent on Tuesday, a widely expected decision given signs past policy easing was working to stimulate the economy as desired.

A construction crane is reflected on the Reserve Bank of Australia (RBA) building in central Sydney April 2, 2013. REUTERS/Daniel Munoz

The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. All 20 analysts in a Reuters poll had felt the RBA would hold rates this week, although they are divided on whether the next move will be down or up..

Reporting by Wayne Cole; Editing by Richard Pullin

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below