Australia central bank holds rates at 3.25 pct
SYDNEY Nov 6 (Reuters) - Australia's central bank kept its main cash rate steady at 3.25 percent on Tuesday, surprising some in markets who had looked for a cut given an uncertain global outlook, a high local dollar and lower export prices.
The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. Most analysts had felt the RBA would cut rates to 3.0 percent, though markets had put the odds at less than 50-50.
For text of the statement see:
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.