Australia’s central bank kept its key interest rate unchanged at a record low for two years even though other major central banks started tightening their policies. The board of the Reserve Bank of Australia, governed by Philip Lowe, voted to maintain the cash rate at 1.50 percent. The interest rate has been at the current level since August 2016.
Read Full Story
Latest posts by Top News Editor (see all)
- U.S. Business Inventories Climb In Line With Estimates In October - December 14, 2018
- Eurozone Private Sector Growth Lowest In Over 4 Years - December 14, 2018
- U.S. Industrial Production Climbs 0.6% Amid Jumps In Utilities, Mining Output - December 14, 2018