The reserve bank decided today it will leave the cash rate on hold at 4.35 percent, amidst increasing pressure to cut rates. 

Chief Investment Officer with 'The Motley Fool', Scott Phillips told Oly Peterson on Perth Live when inflation remains this high, there isn't much room to cut. 

He says inflation has come down, but its come down and got stuck, and that's the challenge the RBA is facing.

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