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"At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 percent," Reserve Bank of Australia (RBA) governor Glenn Stevens said in a statement.
The rate has remained unchanged since November.
Stevens said there was little evidence available to gauge the impact of European and US problems on other regions.
But he said: "Overall, the near-term growth outlook continues to look somewhat weaker than was expected a few months ago.
"Beyond the near-term, growth is still likely to be at trend or higher, unless the world economic outlook continues to deteriorate."
Copyright AFP (Agence France-Presse), 2011