RBA interest rates: Central bank urges governments not to fuel inflation with big-spending election promises as it leaves the cash rate on hold at 4.35pc

Michele Bullock warned another interest rate rise was still a possibility, as the RBA conceded it had been surprised by the large rise in government spending.

RBA interest rates: Central bank urges governments not to fuel inflation with big-spending election promises as it leaves the cash rate on hold at 4.35pc

RBA interest rates: Central bank urges governments not to fuel inflation with big-spending election promises as it leaves the cash rate on hold at 4.35pc

RBA interest rates: Central bank urges governments not to fuel inflation with big-spending election promises as it leaves the cash rate on hold at 4.35pc

RBA interest rates: Central bank urges governments not to fuel inflation with big-spending election promises as it leaves the cash rate on hold at 4.35pc

RBA interest rates: Central bank urges governments not to fuel inflation with big-spending election promises as it leaves the cash rate on hold at 4.35pc