Central Bank of Australia left the key rate unchanged

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The Central Bank of Australia at its meeting on Tuesday decided to leave the key rate at 1.5%, finversia.ru writes. This decision has confirmed market forecasts. This was the thirtieth meeting when the Central Bank did not change the record low value of the key rate. The regulator positively assessed the state of the Austrian economy and stated that it did not plan to change its monetary policy in the near future. According to the economists, the Australian economy grew by 0.3% in the fourth quarter, maintaining the growth rate of the third quarter. It is expected that by the end of 2018, GDP will grow by 2.5%. Compared with a rise of 2.8% in 2017, the economic growth rate in 2018 will slow down.

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