The Reserve Bank has announced a temporary reprieve for mortgage holders, leaving interest rates on hold at 3.6 per cent after 10 consecutive months of rises.
But RBA governor Philip Lowe says "some further tightening" may be needed to bring inflation back into its target range of 2 to 3 per cent.
Following the decision, the Australian dollar fell slightly, while the local share market crawled to a fresh three-week high.
