RBA keeps interest rates on hold at 1%

The Reserve Bank has taken a breather from cutting interest rates, leaving its official cash rate at the historic low of 1 per cent.

Having cut rates at its June and July meetings, the market had largely anticipated the decision.

However, it may just be a pause with expectations of a cut next month hovering around 50 per cent, and full 25 basis point move priced in by November.