In an unexpected move, Australia's central bank left its benchmark interest rate unchanged for the second straight meeting, in order to assess the impact of the past tightening on the economic activity.
The policy board of the Reserve Bank of Australia, led by Governor Philip Lowe, decided to hold the cash rate target unchanged at 4.10 percent. The bank was widely expected to hike the rate by a quarter point.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.