Australian Central Bank left rates unchanged amid real estate rally

Australian Central Bank left rates unchanged amid real estate rally

SYDNEY (Reuters) - Australia's central bank kept key rate close to zero on Tuesday, as expected, as expected as part of continued loose monetary and fiscal policies that have already helped revive the pandemic-hit economy and fuel demand for housing and activity in the construction sector.

At its last meeting this year, the Reserve Bank of Australia kept its rate and target yield on three-year government bonds at 0.1%, while maintaining its AU $ 100 billion QE program. [AU / INT]

A Reuters poll showed on Monday that Australia's July-September GDP growth could reach 2.5% year-on-year after falling 7% in the second quarter, the country's first recession since 1991..

($ 1 = 1.3539 Australian dollars)

(Swati Pandey. Translation by Anna Kozlova)