The Reserve Bank of Australia maintained its benchmark rate on Tuesday, defying expectations for a quarter-point rate cut. The policy board, governed by Michele Bullock, decided to maintain the cash rate target at 3.85 percent. The current rate was the lowest in two years. Previously, the bank had reduced the rate by 25 basis points in May and February."With the cash rate 50 basis points lower tha...
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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.