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Australia's central bank holds rates at 1.5 percent

Mark Metcalfe | Getty Images

Australia's central bank left its cash rate at 1.5 percent on Tuesday, a widely expected decision given policy makers have signaled a steady outlook for some time to come.

The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. A Reuters poll of 42 analysts had found all but one expected a steady outcome this week.