Reserve Bank of Australia

RBA holds rates in October, in line with expectations

Mark Metcalfe | Getty Images

Australia's central bank kept its cash rate steady at 1.5 percent on Tuesday, a widely expected decision as it assesses the impact of past cuts in August and May.

The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. A Reuters poll of 60 analysts had found all but five expected a steady rate outcome this week.

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