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Interest rates are on hold at 3.85%, as the Reserve Bank opts for caution over mortgage relief

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Interest rates are on hold at 3.85%, as the Reserve Bank opts for caution over mortgage reliefThurtell/Getty Images

The Reserve Bank of Australia has kept the cash rate at 3.85%, after cutting it in February and May.

Those earlier moves were aimed at supporting the economy as growth slowed and inflation eased. This time, however, the bank chose to pause, signalling a more cautious stance.

The decision will be hard for the millions of mortgage...

Read more: Interest rates are on hold at 3.85%, as the Reserve Bank opts for caution over mortgage relief

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