GO
Loading...

Australia's Central Bank Keeps Rates Unchanged

Australia's central bank held interest rates unchanged at 6.25% on Wednesday, a decision widely expected in financial markets given signs the economy was slowing in reaction to the rate rises already delivered.

The Reserve Bank of Australia (RBA), which held its monthly board meeting on Tuesday, does not comment on its reasoning when leaving interest rates unchanged.

The central bank has raised its key cash rate three times since May in an effort to restrain inflation.

Featured

  • The Marriner S. Eccles Federal Reserve building in Washington.

    CNBC's Fed Survey shows market pros aren't very confident the Fed can end its easy money polices without a market crash, a recession or bad inflation.

  • Merck employees walk past a Merck sign in front of the company's building in Summit, New Jersey.

    Merck reported better-than-expected results, with sales of newer drugs offsetting declining sales of drugs facing generic competition.

  • Pfizer reported higher-than-expected second-quarter earnings, helped by growing sales of its cancer medicines.

  • An attendee is silhouetted against a Microsoft poster at the Microsoft Developers Build Conference in San Francisco, April 2, 2014.

    An agency that enforces antimonopoly laws visited company offices in four cities, as the country more closely scrutinizes multinational companies.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More

Don't Miss

U.S. Video