The RBA unexpectedly keeps policy on hold, leaving its benchmark rate at 4.25% instead of a 25...

|By:, SA News Editor

The 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%.