Australia's central bank keeps cash rate unchanged at 4.35 pct despite inflation pressure

SYDNEY, Aug. 6 (Xinhua) -- The Reserve Bank of Australia (RBA) left the cash rate target on hold at 4.35 percent on Tuesday as inflation is still some way above the midpoint of the 2-3 percent target range.

The RBA board said in a statement that it decided to leave the cash rate target unchanged at 4.35 percent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 percent.

Inflation