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.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More

Don't Miss

U.S. Video

  • CNBC's Dominic Chu looks at how much investors who bought in the August 7th dip have profited in some stocks, including JC Penney.

  • Ford's Mustang is turning 50 this year and going global for the first time. Ford President of the Americas Joe Hinrichs, discusses the success of Ford's iconic brand, and the 2015 Mustang.

  • Do consumers care about GDP data? Drew Matus, UBS deputy chief U.S. economist, and CNBC's Steve Liesman, share their opinions.