The Reserve Bank has left interest rates on hold - indicating it thinks the Australian economy is "on track" for the moment.

The Reserve's decided to leave the official cash-rate at four-point-five percent.

A-N-Z economist Shane Lee says rates are now likely to stay on hold for at least a couple of months - although an increase is possible before the end of the year.

"The ecomomy is where the Reserve Bank would like it at the moment. the bank noted in its statement that housing are rising more slowly than we have seen previously, which had been a bit of a risk for the economy"