Australia’s central bank holds rates at 1%

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SYDNEY (Reuters) – Australia’s central bank left its cash rate at 1% on Tuesday as it waited to gauge the impact of previous cuts in June and July.

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

Reporting by Wayne Cole; Editing by Sam Holmes

Our Standards:The Thomson Reuters Trust Principles.

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