The Reserve Bank of Australia held interest rates at 4.1% for a second month on Tuesday as the central bank buys time to assess the impact of previous hikes, while warning of further hikes in the future. This decision to hold rates steady comes as inflation in Australia slowed to 6% in the second quarter from 7% in the first quarter, but was still well above the RBA’s stated target of 2% to 3%. Economists were divided on whether the Australian central bank would raise interest rates at this meeting, with a slim majority expecting a 25-basis point hike. “The higher interest rates are working to establish a more ... (full story)