Australia Central Bank Holds Rates at 1.5 Percent

A Sydney businessman walks into the light outside the Reserve Bank of Australia on Feb. 3, 2015. Jason Reed/Reuters

Australia’s central bank left its cash rate at 1.5 percent on Feb. 5, a widely expected decision given policy makers have been signaling a steady outlook for some time.

The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. A Reuters poll of 40 analysts had found all but one saw a steady outcome this week.

Australia Central Bank Keeps the Faith as Shoppers Go Missing, Global Economy Slows