In a surprise move, the RBA have left interest rates on hold for another month.
However, this is not necessarily good news for mortgage holders if the big banks decide to pass on increasing funding costs.
RBA Govenor in his speech today pointed to the health of the international economy to be a contributer in today's decision to leave rates on hold.
''Financial markets are still characterised by a degree of uncertainty, and are responding both to differences in growth outlooks between regions and evident strains on public finances and banking systems in several smaller countries in Europe,'' Mr Stevens said in his statement.
Greece, Spain and Ireland economies are struggling to cope with soaring budget deficits and slowing growth.
What did this mean for the AUD? No closer to parity with the AUD shed almost a full US cent.
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