The Reserve Bank of Australia on Tuesday left interest rates on hold and said that is where they are likely to stay for some time.
The official cash rate target has now been steady at 2.5 percent for the past six months, after the RBA cut the rate by 25 basis points in August.
The ABC reports the bank's decision surprised no one.
"In the board's judgement, monetary policy is appropriately configured to foster sustainable growth in demand and inflation outcomes consistent with the target," said Reserve Bank governor Glenn Stevens Stevens.
"On present indications, the most prudent course is likely to be a period of stability in interest rates."