Australia's central bank left its key interest rate unchanged at a record low for the second straight meeting as policymakers await to see the impact of earlier rate cuts.The board of the Reserve Bank of Australia, governed by Philip Lowe, on Tuesday, maintained the cash rate at a record low 1.00 percent, as widely expected. The bank had earlier reduced its rate in July. The back-to-back rate cut ...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.