The Reserve Bank has left its key cash rate unchanged for a fifth straight month, following today's monthly board meeting.
Economists say relief could be in sight for borrowers struggling with 12-year high interest rates.
They're predicting a rate cut before the end of the year given signs the economy is slowing rapidly.
The RBA's left the cash rate at 7.25 per cent, despite last month's high inflation readings.
Opposition leader Brendan Nelson says the government's negative approach to the economy has undercut Australian business and consumer confidence.
Dr Nelson says the Reserve is considering lowering rates to undo the doom and gloom predicted by the Prime Minister and Treasurer.
"The Reserve Bank is so concerned about the state of the Australian economy that it's forecasting that there is likely to be movement of rates down in the forseeable future.
"Mr Rudd and Mr Swan between them over eight months have destroyed business and consumer confidence in the Australian economy."
The RBA raised its cash rate four times between August last year and March to curb price pressures.
It last cut rates in December 2001.