Australian central bank keeps key interest rate on hold at 4.35 pct

SYDNEY, Nov. 5 (Xinhua) -- The board of the Reserve Bank of Australia (RBA) announced on Tuesday that it would maintain the cash target rate at 4.35 percent.

Tuesday's decision marked 12 months since the RBA board increased rates by 0.25 percentage points in November 2023.

The Australian Broadcasting Corporation (ABC) reported that the decision was in line with the expectations of economists and analysts.