The Australian dollar may have fallen to a four-year low but the Reserve Bank remains unsatisfied, meaning interest rates won’t be budging any time soon.

The RBA has left the cash rate at its record low of 2.5 per cent, where it has been since August 2013.

A statement accompanying October’s decision gave no signal of any change on the horizon, with governor Glenn Stevens retaining the familiar phrase that the “most prudent course is likely to be a period of stability in interest rates”.

He was also unimpressed by the Australian dollar’s recent fall, saying the exchange rate remained high by historical standards, given recent declines in commodity prices.

The currency has fallen almost eight US cents since the RBA’s last meeting in September, from 94 US cents to 86.43 US cents, its lowest level since July 2010.

Source: News Limited