Top Stories
Top Stories
Central Banks

Australia's central bank keeps rates unchanged at 1.5 percent

Reuters with CNBC
Key Points
  • Australia's central bank kept its benchmark rate unchanged at 1.5 percent
  • The Reserve Bank of Australia has maintained cash rate at that historic low level since August 2016
Flag of Australia on a beach
Getty Images

Australia's central bank said Tuesday it is keeping the benchmark cash rate unchanged at 1.5 percent, a widely expected decision given policy makers have signaled a steady outlook for some time to come.

The Reserve Bank of Australia has maintained the cash rate at that historic low level since August 2016. A Reuters poll of 42 analysts had found all but one expected a steady outcome this week.