Australia's Central Bank Holds Rates

This is a Australia news story, published by CNBC, that relates primarily to Reuters news.

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CNBC

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Business

Business & Economics

Australia unexpectedly holds policy rate as it awaits more inflation data

Summary

Nutrition label

90% Informative

Australia 's central bank held its policy rate at 3.85% , saying it needed more time to assess inflation data.

Economists polled by Reuters had been expecting a cut of 25 basis points to 3.6% The S&P/ASX 200 index fell 0.24% , while the Australian dollar strengthened 0.79% Australia is currently struggling with a growth slowdown.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful