Australia's central bank raised its key interest rate on Tuesday, by a quarter-point for a third straight policy meeting, thus slowed the pace of rate hikes from a more aggressive 50 basis points previously as policymakers turned less hawkish amid expectations for slower economic growth ahead.
The policy board of the Reserve Bank of Australia, governed by Philip Lowe, decided to lift the cash rate target by 25 basis points to 3.10 percent, the highest since late 2012.
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by Renju Jaya
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