Australia’s central bank holds rates, waters down tightening bias

SYDNEY — Australia’s central bank held interest rates steady on Tuesday and watered down its tightening bias, signaling greater confidence that inflation is moving back to its target as the economy slows. Wrapping up its two-day March policy meeting, the Reserve Bank of Australia (RBA) kept rates at a 12-year high of 4.35 percent for
Read The Rest at :