Australia central bank holds rates steady at 2.5%
December 01, 2014 at 22:37 PM EST
The Reserve Bank of Australia on Tuesday kept interest rates unchanged, as expected, even as speculation mounts that borrowing rates, already at record lows, could head further south. On Monday, Deutsche Bank released a report titled " Australia: Change of Call," which predicts the RBA will cut rates by 50 basis points to 2 percent next year, a shift from its earlier...