Australia's central bank holds cash rate at 1.5 percent, in line with expectations

  • The Reserve Bank of Australia kept its cash rate unchanged at 1.5 percent on Tuesday.
  • The move was widely expected by analysts.
Pedestrians walk past the Reserve Bank of Australia (RBA) headquarters in Sydney, Australia.
Brendon Thorne | Bloomberg | Getty Images
Pedestrians walk past the Reserve Bank of Australia (RBA) headquarters in Sydney, Australia.

Australia's central bank left its cash rate at 1.5 percent on Tuesday, a widely expected decision given policy makers have said they see no strong case for a chance in policy.

The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting.

A Reuters poll of 41 analysts had found all but one saw a steady outcome this week.