RBA interest rates: Reserve Bank of Australia leaves cash rate on hold at 3.85%

Decision will come as shock to financial markets and large majority of experts who were sure RBA board would cut for a second straight meetingFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank of Australia has held rates at 3.85%, in a surprise decision that denies further mortgage relief for millions of Australian households.The decision will come as a shock to financial markets and a large majority of experts who were sure the RBA board would cut interest rates for a second straight meeting.Sign up for Guardian Australia’s breaking news email Continue reading...

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