Yes they have đŸ™‚

After cutting the cash rate to a new low in May, the Reserve Bank of Australia (RBA) has decided to leave the rate on hold.

With consumer sentiment looking more positive, and unemployment remaining low, there was no need for the Reserve Bank to change their monetary policy setting this month.

While the cash rate was left on hold at 1.75%, many of Australia’s lenders have only just passed on last month’s rate cut – taking home loan interest rates to new historical lows.