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Reuters
Reuters
Business

Australia's central bank holds rates at 1%

FILE PHOTO: A worker pushing a trolley walks with pedestrians past the Reserve Bank of Australia (RBA) head office in central Sydney, Australia, March 7, 2017. REUTERS/David Gray

SYDNEY (Reuters) - Australia's central bank left its cash rate at 1% on Tuesday, a widely expected decision as it gauges the impact of cuts in both June and July.

The Reserve Bank of Australia (RBA) made the announcement following its monthly meeting. A Reuters poll of 36 analysts had found all but one expected a steady outcome this week.

(Reporting by Wayne Cole; Editing by Sam Holmes)

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