The Reserve Bank has announced it will leave the official cash rate on hold at 7.25 per cent.
The move was unanimously tipped by major economists.
Analysts now say further signs that the economy has slowed in the past month, including an unexpected fall in employment growth, has again allowed the central bank to sit tight on rates.
However, some economists are concerned that official inflation data on June 23 will show a further acceleration in price pressures and push the RBA into lifting rates when the board next meets on August 5.
The RBA raised rates four times between August last year and March as underlying inflation soared to a 16-year high.