Interest rate hold met with relief | ABC NEWS

It wasn't a rate cut, but the Reserve Bank's decision to keep interest rates on hold at 4.35% has sparked sighs of relief across Australia for people like Fiona Sweeting.

The hold comes after recent data showed Australia's economy has lost momentum and that the unemployment rate has risen.

But with underlying inflation still too high, the RBA has chosen to keep rates steady to see how the economy performs in the coming weeks.

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