U.S. News

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.