RBA interest rates: official cash rate left unchanged by Reserve Bank of Australia at 4.1% for a third month

The final rates decision under outgoing RBA governor Philip Lowe was widely expected

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The Reserve Bank of Australia has extended its interest rates pause for a third consecutive month as it assesses whether the sharpest increase in borrowing costs in three decades has done enough to slay inflation.

The RBA left its cash rate on hold at 4.1%, the highest since mid-2012, at its September board meeting on Tuesday. The decision, the last under the leadership of outgoing governor Philip Lowe, was widely expected.

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