RBA leaves interest rates on hold

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SYDNEY, Aug 5 (AFP): Australia's central bank left interest rates unchanged today at a 12-year high of 7.25 per cent and indicated borrowing costs could fall amid signs of an economic slowdown.

Reserve Bank of Australia (RBA) governor Glenn Stevens said the window for lower rates was opening, with economists adding that a spate of 12 hikes over the last six years to tame inflation had likely come to an end.

"Weighing up the available domestic and international information, the board judged that the cash rate should remain unchanged this month," Stevens said in a statement.