Business

Australia holds rates

Australia holds rates

By Agence France Presse

SYDNEY: Australia's central bank on Tuesday held interest rates at a record low two per cent, but kept the door open for further easing as the economy slows on softening Chinese growth. Economists had been split about whether the Reserve Bank of Australia (RBA) would act this month, after a surprisingly weak third-quarter reading of consumer prices released last week gave the central bank room to slash rates further.