Australian central bank keeps interest rates at 2.5%

SYDNEY: Australia’s central bank on Tuesday kept interest rates at a record low 2.5 percent, maintaining an unchanged outlook for the country’s economy as it continued to call for a weaker currency.

The Reserve Bank of Australia has kept the cash rate steady since August 2013, and since February has flagged a “period of stability” in monetary policy as the economy transitions away from mining-led growth.