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
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.