At its September policy meeting, the RBA maintained the benchmark interest rate at 4.35% for the seventh straight meeting. Recent data has not materially affected policy outlook. Rates to remain on hold for time being. Progress on underlying inflation likely remained slow in Q3.

Figures released on Wednesday are likely to show inflation is extraordinarily low. They will only add to the pressure on the Reserve Bank governor to cut rates.

CHINA’S yuan hit a 16-month high on Tuesday (Sep 24), after stimulus measures infused broader markets with enthusiasm and boosted the euro, while the Australian dollar touched a 2024 peak after the central bank reiterated its determination to tame inflation.

The Australian dollar hovered close to its highest level this year on Tuesday, with the central bank set to hold policy steady later and traders focussed on any hints of potential near-term easing. The currency also got support from stimulus measures announced by the People's Bank of China.

The RBA has left interest rates on hold. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

CHINA’S renminbi hit a 16-month high on Tuesday (Sep 24), after stimulus measures infused broader markets with enthusiasm and boosted the euro, while the Australian dollar touched a 2024 peak after the central bank reiterated its determination to tame inflation.

The RBA board has left the cash rate on hold at 4.35 per cent and continued to rule out a near-term rate cut with as underlying inflation remains too high.

The RBA will deliver their cash rate decision this afternoon, and we'll be bringing you regular updates about what you can expect.

All 42 experts surveyed by comparison site Finder for its September rate survey said the bank would keep rates on hold. Nearly two-thirds of panellists said they believed the bank would cut rates in February,

Amid rising political pressure on the Reserve Bank to cut interest rates, there’s actually a growing risk that domestic monetary policy will be on hold for longer than currently expected, economists say.