CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Business

Australian rates on hold

Published: 08 Oct 2014 - 01:24 am | Last Updated: 20 Jan 2022 - 05:31 pm

A woman passes by a sign advertising bank interest rates for home loans in Sydney yesterday. Australia’s central bank kept its interest rates steady at a record low of 2.5 percent for a 13th straight meeting, a widely expected decision given the economy is fighting the drag from a cooling mining sector and lower export prices.