Reserve Bank leaves cash rate unchanged

The Reserve bank has left the official interest rate on hold at 2.5 per cent.

The Reserve Bank of Australia has kept the cash rate at 2.5 per cent and reiterated it will stay unchanged for some time.

Governor Glenn Stevens says the RBA board believes monetary policy is "appropriately configured" to foster sustainable growth in demand and inflation within the bank's target range of two to three per cent.

The most recent interest rate movement was a quarter of a percentage point cut in August.

Read the RBA's full statement here.

MORE TO COME.