Australia leaves interest rates on hold

Australia's central bank left interest rates at a record low of 1.50 percent Tuesday while striking an upbeat tone on the economy following a rebound in growth at the end of last year.The Reserve Bank of Australia slashed rates 300 basis points between November 2011 and August last year to support non-resources industries as the economy transitions out of a mining investment boom.In similar language to the previous month, RBA governor Philip Lowe said "the Board judged that holding the stance of