Reserve Bank of Australia holds interest rates steady

A man walking past the Reserve Bank of Australia in Sydney, on Feb 4, 2014.
A man walking past the Reserve Bank of Australia in Sydney, on Feb 4, 2014. PHOTO: REUTERS

SYDNEY (Reuters) - Australia's central bank held its cash rate at 1.5 per cent on Tuesday (Dec 6), a widely expected decision as it assesses the impact of past cuts in August and May.

The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. A Reuters poll of 64 analysts had found all five expected a steady rate outcome this week.