The Reserve Bank has kept the interest rate at 3.85 per cent.

Click PLAY to hear the reaction to the news.

The announcement comes despite many economists and experts expecting a 0.25 cut, which would have been the third cut for the year.

Chief economist at AMP Shane Oliver revealed to Mark Doran on Perth Live he was not shocked by the RBA’s decision.

Click PLAY to hear why the decision by the RBA wasn’t a surprise

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Image: iStock.