The Reserve bank of Australia decided today to keep its benchmark interest rate at 4.25% for the upcoming period, where the RBA announced that the nation's output and growth came less than expected.

From another side, the RBA decided to keep the interest rate at same level until the issuance of the consumer price index, while the RBA expected a higher inflation rate in Australia between 2% and 3% during the upcoming two years.

Reserve Bank of Australia also announced that lending rates is near normal rates especially during the stability of housing sector, adding that the American economy keep growing moderately.

On the other side the Australian dollar declined against the US dollar after the decision of the interest rate to be 1.0406 ending at 1.0394.