Canberra, Dec 5 : The Reserve Bank of Australia (RBA) on Tuesday decided to keep the cash rate target on hold at 4.35 per cent, after raising the rate by 25 basis points last month.

The limited information received on the domestic economy since the November meeting had been broadly in line with expectations, she said. The monthly consumer price index (CPI) indicator for October suggested that inflation is continuing to moderate, driven by the goods sector, Bullock said, adding that the inflation update did not provide much more information on services inflation.