Today the Reserve Bank of Australia (RBA) has left the cash interest rate unchanged, after its monthly board meeting on Tuesday.
The cash rate remains at 3.25 per cent, in a decision that brought to and end a series of interest rate reductions made by the RBA since September last year.
Back in September, the cash rate was cut to seven per cent and eventually fell to a 45 year low in February this year.
Most economists were predicting a 25 basis point reduction for today. But the RBA's decision was seen by many economists as too close to call, following a recent run of conflicting economic data.
Economists will learn tomorrow whether the economy expanded or contracted, with the release of the fourth-quarter GDP figures.