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Australia's central bank keeps rate at record low for 14th month straight

  • Australia's central bank leaves cash rate unchanged at 1.5 percent for the 14th consecutive month
  • The Australian dollar weakened against the greenback following the release of the central bank statement at 11:30 am HK/SIN

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 49 analysts had found all but one expected a steady outcome this week.