The Reserve Bank has kept the cash rate on hold as was widely expected, leaving mortgage holders with just two more opportunities for further interest rate reductions in 2025.

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The decision leaves the official cash rate at 3.6 per cent .

The Reserve Bank board said it was appropriate to remain cautious and it would wait for further evidence that inflation was continuing to ease.

Hopes for a September rate cut were quashed earlier this month when updated inflation figures were released, showing inflation in some areas of the economy had re-accelerated.

The consumer price index rose 3 per cent for the year to August, up from 2.8 per cent t

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