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AAP

Business

Poppy Johnston

New bank chief holds rates but a rise is still in play

Inflation Michele Bullock RBA

The Reserve Bank has kept rates steady in its first meeting under the leadership of Michele Bullock. (Darren England/AAP PHOTOS)

The official cash rate has been held steady for the fourth month in a row but the Reserve Bank's new chief is alert to bubbling inflation risks.

The RBA board opted to leave interest rates at 4.1 per cent at the first meeting with new governor Michele Bullock at the helm.

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