Australia’s central bank will likely hold its key interest rate at a 12-year high on Tuesday as it tries to restrain consumer prices that have been underpinned by an ultra-tight employment market. The Reserve Bank will keep the cash rate at 4.35% for a fifth straight meeting, economists surveyed by Bloomberg predicted. The decision will be released at 2:30 p.m. in Sydney, followed an hour later by Governor Michele Bullock’s press conference. Australia’s policy meeting follows a highly-anticipated decision by the Federal Reserve last week, when Chair Jerome Powell signaled he wasn’t in a rush to ease monetary policy ... (full story)