Murray Olds: Australian correspondent on the Reserve Bank of Australia holding the OCR at 4.35 percent - Heather du Plessis-Allan Drive

The Reserve Bank of Australia has opted to keep the OCR on hold for the time being.

The cash rate is set to stay at 4.35 percent, with economists citing moderating inflation as the main factor behind the decision.

Australian correspondent Murray Olds says inflation is reducing at a positive pace- but time will tell what the market looks like in January.

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