The Reserve Bank of Australia has kept the cash rate unchanged at 3.85 per cent, quashing hopes of another cut.
UPDATE: Four councillors have resigned from the City of Nedlands council which will prompt the state government to send in a commissioner.
Councillors Ben Hodsdon, Hengameh Amiry and Noel Youngman today resigned from Nedlands council.
The terms for all three councillors were to end in October.
A fourth councillor, Fergus Bennett, resigned from the council this afternoon, the city confirmed in a statement to Business News.
The resignations today leaves only four councillors at City of Nedlands, which means the council has lost quorum.
