Aus­tralian rates left un­changed

China Daily (USA) - - BUSINESS -

The last out­go­ing board meet­ing chaired by former chief of Re­serve Bank of Australia Glenn Stevens ended with the board de­cid­ing to leave the cash rate un­changed at 1.5 per­cent. RBA min­utes of the mon­e­tary pol­icy meet­ing held on Sept 6, but re­leased on Tues­day, re­vealed that the cen­tral bank was not fazed by ris­ing hous­ing prices or by the high auc­tion clear­ance rates as re­ported re­cently. Av­er­age prices for homes on the main­land state cap­i­tals have surged by 8 per­cent in the past year.

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