The Reserve Bank of Australia left the cash rate target on hold at 4.35 percent, after a board meeting concluded on Tuesday.
The target has been remaining at its current level since November last year, when the central bank lifted it from 4.1 percent to 4.35 percent.
According to a statement released by the Reserve Bank Board, inflation continued to ease but remained high.
The consumer price index (CPI) indicator was steady at 3.4 percent over the year to January, with momentum easing over recent months.
The central bank held a “highly uncertain” outlook for economic development.—Xinhua
