SYDNEY: Australia’s central bank held its cash rate steady to confound calls for a cut and sending the local dollar sharply higher, though it did leave the door wide open for an easing at future policy meetings.
The currency jumped half a US cent after the Reserve Bank of Australia (RBA) said it was too early to follow February’s quarter-point cut to a record low of 2.25%.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!