RBA holds fire on interest rates

The Reserve Bank of Australia held interest rates steady at 4.75 per cent on Tuesday in a widely expected move.

Source: Australian Financial Review (AFR)

The Reserve Bank of Australia - in a widely anticipated response to global geopolitical and economic uncertainties - announced on Wednesday that it had decided to leave interest rates on hold for a tenth consecutive month.

The central bank, whose policy-making board met on Tuesday, confirmed in a brief statement on its website that its benchmar