Australian central bank halts rate hike
SYDNEY, April 4 (Xinhua) -- Australia's central bank, the Reserve Bank of Australia (RBA), announced on Tuesday that the cash rate target will remain unchanged at 3.60 percent and the interest rate on exchange settlement balances will also remain unchanged at 3.50 percent.
The decision to leave the cash rate on hold is the first time in a year after 10 consecutive rises, which raised the interest rate by 3.5 per