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Australia’s central bank holds cash rate at 0.25% – Metro US

Australia’s central bank holds cash rate at 0.25%

FILE PHOTO: Two women walk next to the Reserve Bank
FILE PHOTO: Two women walk next to the Reserve Bank of Australia headquarters in central Sydney

SYDNEY (Reuters) – Australia’s central bank left its cash rate at a record low of 0.25% on Tuesday and again committed to do what it could to support the economy through the coronavirus crisis.

The Reserve Bank of Australia (RBA) made the announcement following its monthly meeting. A Reuters poll of 18 analysts had found all expected a steady outcome this week.

(Reporting by Wayne Cole; Editing by Shri Navaratnam)