The central bank has again left the door open for lowering interest rates and flagged tomorrow's inflation data as potentially paving the way for a move.

The Australian dollar rose to a six week high on hopes that European leaders would soon announce plans to contain the region's debt crisis.

Interest rates may be on-hold for longer than previously expected, after official data showed inflation had eased in the September quarter.

Eurozone leaders are toying with the idea of asking China and other emerging powers to help them out of the debt crisis.

Negotiators from the European Union and banks are "relatively close" to a deal to write off around half of Greece's 350 billion euros ($A471 billion) debt.

The possibility of an interest rate cut is off the table as inflation is not expected to ease significantly in the September quarter, economists say.