Australia unexpectedly holds policy rate as it awaits more inflation data
1. Australia's RBA held rates at 3.85% to assess inflation data. 2. Economists expected a cut to 3.6%, but RBA chose to wait. 3. Inflation was 2.1% in May, at a four-year low. 4. The S&P/ASX 200 index fell 0.24% after the announcement. 5. Australia's growth is slowing, missing expected economic expansion.