The Reserve Bank of Australia has kept the cash rate at 2.5 percent, saying rate cuts in the past two years are helping interest rate sensitive parts of the economy.
The decision was expected, with all 12 economists surveyed last week forecasting no change at the Melbourne Cup Day board meeting.
The RBA last cut the cash rate in August, by a quarter of a percentage point, and before that in May, by the same amount.
The full RBA statement is available here.
AUSSIE DOLLAR FALLS AFTER RATES DECISION
News that makes sense
Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.
The Australian dollar has fallen by almost a quarter of a US cent after the Reserve Bank left the cash rate unchanged at 2.5 per cent at its board meeting.
At 2.35pm (AEDT), the currency was worth 94.79 US cents, down from 95.01 US cents shortly before the RBA's decision was announced.
The currency ended yesterday's local session at 94.88 US cents.
