Australia Keeps Key Rate at Record Low in Stevens’s Swansong

September 6, 2016 4:51 AM

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Australia Keeps Key Rate at Record Low in Stevens’s Swansong

Australia’s central bank stood pat on interest rates as policy makers await further inflation data and the U.S. Federal Reserve’s next move.

In his final meeting, Reserve Bank of Australia Governor Glenn Stevens and his board left the cash rate at 1.5 percent Tuesday, as forecast by all 26 economists surveyed. The central bank has cut twice in the past four months and traders see little chance of further easing until after the release of...

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