The Reserve Bank of Australia has held interest rates steady as widely expected, with attention turning to when, or if, the central bank will cut again.

Borrowers will have to wait until at least November for more mortgage relief, but hotter-than-expected inflation and an enduringly robust labour market have raised the prospect the central bank might have delivered its last rate cut.

Tuesday's decision leaves the cash rate at 3.6 per cent after 75 basis points of cuts since February.

In its statement, the RBA board said labour market conditions had been broadly steady, an update from its August statement when it said the labour market was easing.

The central bank revealed it was sensitive to the risk that inflation could overshoot its latest forecasts.

"On the domestic side, stronger-

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