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Australia's central bank leaves official cash rate unchanged at 6.0 pct - UPDATE.
(From AFX Europe (Focus))
SYDNEY (XFN-ASIA) - The Reserve Bank of Australia left its official cash rate unchanged at 6.00 pct as had been widely anticipated by the market.
The central bank last month hiked its cash rate by 25 basis points, continuing a tightening cycle that started in 2003 to tame inflation. That hike followed a rise of the same magnitude in May.
National Australia Bank economists said the central bank's decision, which followed its monthly board meeting, should lend support to the market.
More importantly, they said with no accompanying statement the market will be none the wiser on up to date with the RBA's thinking. …
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