The official cash rate remains unchanged, giving homeowners a further reprieve from higher interest rates.

Releasing its decision on Tuesday afternoon, the Reserve Bank of Australia confirmed that the OCR would stay at 4.10%, while the interest rate on exchange settlement balances remained at 4%.

It marks the third pause this year and follows 4 percentage points of rate rises over 15 months, in what economists have referred to as the most aggressive rate change cycle in 30 years.

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