Reserve Bank leaves interest rates on hold as Michele Bullock ducks questions on rate cut timing

RBA interest rates announcement: the Reserve Bank of Australia left the cash rate unchanged after its November meeting. Photograph: Lisa Maree Williams/Getty Images

The Reserve Bank of Australia has left its key interest rate unchanged for an eighth meeting in a row as it awaits more evidence inflation will soon return to its preferred target range.

The RBA board ended its two-day meeting on Tuesday by keeping its cash rate at 4.35%, a move widely expected by economists and financial markets.