Australia's interest rates remain on hold at 0.25 per cent in October

The Reserve Bank of Australia has kept interest rates on hold at the historic low of 0.25 per cent for the seventh consecutive month.

The RBA today decided to keep the nation's official cash rate unchanged despite increasing concerns over the prolonged economic cost of COVID-19.

Today's decision marks the seventh month in a row without a change.

Read more: https://www.9news.com.au/national/australia-interest-rates-october-reserve-bank-decision/95ad4bef-00bc-47cb-9483-0b6b2960e7c1