Australia keeps key interest rate on hold | The Malaysian Insight

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Australia keeps key interest rate on hold

AUSTRALIA left its key interest rate unchanged today, with central bank governor Philip Lowe saying previous hikes were “working” but the outlook was uncertain.

The pause is the second in a row that the rate has been kept on hold at 4.1%, following a string of rises aimed at taming runaway prices. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

 

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