Australian borrowers will have to wait for a fresh round of mortgage relief after the RBA decided on Melbourne Cup Day to leave the cash rate on hold.

With inflation on the rise again , analysts had predicted the race was run even before the monetary policy board gathered this week for its November meeting.

And so it was, with the RBA leaving its lock-up to share there would be no photo finish upset and it had decided to keep the official cash rate unchanged at 3.6 per cent.

The RBA has slashed the cash rate three times — February , May and August — in 2025.

- More to come . . .

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