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Reserve Bank of Australia holds cash rate at 1%

Lisa Micheal 6 Sep 2
The Reserve Bank of Australia headquarters in the central business district of Sydney, Australia.

Australia's central bank left its cash rate at 1% on Tuesday, a widely expected decision as it gauges the impact of cuts in both June and July.

The Reserve Bank of Australia (RBA) made the announcement following its monthly meeting.

A Reuters poll of 36 analysts had found all but one expected a steady outcome this week.