The Reserve Bank of Australia (RBA) has decided to hold the cash rate at 1.5 per cent in June, following its board meeting today.

The official cash rate will remain unchanged at 1.5 per cent as a result of today's decision by the RBA.

The decision was widely anticipated, with the futures market pricing in a 92 per cent of no change to the cash rate at the close of trading on Friday.

Rick Maggi