Australia Q1 GDP up 2.3% on-year, beating expectations
June 02, 2015 at 21:34 PM EDT
Australia's economy expanded 2.3 percent in the first quarter from the year-ago period, beating forecasts from a Reuters poll for a 2.1 percent rise on-year. That follows Tuesday's decision by the Reserve Bank of Australia to keep interest rates on hold at a record low 2.0 percent, which analysts said was likely just the central bank pausing to see the effect of...