Australia leaves rates on hold as economy eases

AUSTRALIA - Australia's central bank left rates on hold for the third straight month Wednesday, a day after the release of June quarter figures showing lower than expected economic growth.

The decision by the Reserve Bank of Australia to leave the official cash rate at 4.75 percent did not come as a surprise.

Analysts now expect one rate rise to 5 percent by the end of the year. The bank last moved in June, lifting the cash rate by a quarter of a percentage point from 4.5 percent.

The Austral

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: