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Reuters
Reuters
Business

Australia central bank holds rates at 1.5 percent

FILE PHOTO: Pedestrians walk past the Reserve Bank of Australia Building in Sydney's central business district, May 5, 2016. REUTERS/Jason Reed

SYDNEY (Reuters) - Australia's central bank left its cash rate at 1.5 percent on Tuesday, confounding speculation it may ease policy following a disappointingly weak reading of inflation.

The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. A Reuters poll of 42 analysts had found 25 saw a steady outcome this week, with the rest tipping a cut to 1.25 percent.

(Reporting by Wayne Cole; Editing by Jacqueline Wong)

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