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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by Renju Jaya
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