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The RBA unexpectedly keeps policy on hold, leaving its benchmark rate at 4.25% instead of a 25...
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Tuesday, February 7, 2012, 7:27 AM ETThe RBA unexpectedly keeps policy on hold, leaving its benchmark rate at 4.25% instead of a 25 basis point cut. The bank alludes to measures taken by the Fed and ECB in December as relieving "acute financial pressures." The aussie shot above $1.08 for the first time in months, now buying $1.0767, +0.5%. Aussie shares give up their gains on the news, -0.5%.
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