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Australian central bank holds rates

07-07-2010 09:26 BJT Special Report:

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Australia's central bank is keeping its key cash rate steady, at 4.5 percent as expected. The Reserve Bank of Australia says the decision is appropriate, because of uncertainties over the global outlook, and inflation and demand at home.

The Australia dollar firmed after the decision. Australia's economy has been supported by rapid population growth, a stable banking system, and strong demand for Australia's commodity exports from Asia. The RBA has raised rates six times since October and signaled a pause last month, amid the unclear world recovery.

Editor:Xiong Qu |Source: CCTV.com

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