RBA interest rates: Reserve Bank holds cash rate at 4.1 per cent

News Snapshot:

A cautious Reserve Bank has kept interest rates on hold but declared it is ready to act as an escalating trade war sparks uncertainty about the future of Australia’s economy. Aussie borrowers were denied back to back mortgage relief in a consensus decision on Tuesday, with the cash rate steady at 4.1 per cent. It followed a cut at the RBA’s February meeting, when the central bank had warned against expecting an immediate second dose. The RBA’s decision came despite signs inflation is heading back into the target zone of 2 to 3 per cent — and the board said...