Murray Olds: Australian correspondent on the Reserve Bank of Australia leaving interest rates on hold at 4.35 percent - Heather du Plessis-Allan Drive

There's no reprieve for Australian borrowers just yet, as the Reserve Bank decided to leave rates on hold.

Australia's Official Cash Rate was held steady at 4.35 percent, in line with expectations from economists.

Australian correspondent Murray Olds says people are screaming for relief - but the Bank is determined to bring inflation down.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.