RBA interest rates: Reserve Bank of Australia leaves cash rate on hold at 3.85%

Decision will come as shock to financial markets and large majority of experts who were sure RBA board would cut for a second straight meetingFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastA divided Reserve Bank of Australia has held rates at 3.85%, in a surprise decision that denies further mortgage relief for millions of households.The split decision came as a shock to financial markets and a large majority of experts who were s