Australian consumer price inflation topped 2 percent last quarter for the first time since 2014 as petrol, health care and education got more expensive.
Australia adds 60,900 jobs in March, reversing the previous month's 6,400 fall and beating Reuters forecast of 20,000 additions.
Asia markets ended lower on Tuesday, with the Australian dollar slipping in the wake of the RBA's on-hold call.
The RBA kept interest rates on hold at a record low of 1.5 percent on Tuesday, remaining stuck between rising housing prices and a higher jobless rate.
Steven Milch, Suncorp, talks about the Reserve Bank's decision to keep rates on hold and regulatory impact on the Australian housing market.
Andrew Ticehurst, Nomura Australia, previews the Reserve Bank of Australia's policy decision.
Australia's trade surplus came in much higher than expected in February, but that's likely a signal of economic weakness, not strength.
Felicity Emmett, senior economist at ANZ, says outside the housing market, other economic indicators in Australia appear weak.
Gareth Aird, Commonwealth Bank, says the RBA is likely to keep rates on hold at 1.5 percent.
Australia's central bank saw growing risks in the nation's hot housing market.
Australia's jobless rate climbed to a 13-month high in February and employment unexpectedly fell.
Weak wage growth and the property market are among the Reserve Bank of Australia's concerns, says Emily Dabbs of Moody's Analytics.
Gareth Aird of Commonwealth Bank says rising household debt is the reason the RBA hasn't cut interest rates despite low inflation levels.
The Reserve Bank of Australia held rates at a record low 1.50 percent as expected.
Ivan Colhoun, chief economist at National Australia Bank, says the Reserve Bank of Australia has to balance household debt levels with inflation.
Asia markets traded higher following U.S. losses as investors digest a speech from President Donald Trump.
Asia markets traded higher as investors continue to wait for policy details from the Trump administration on tax reforms and deregulation.
The RBA held interest rates steady on Tuesday, with the statement likely signaling the central bank will remain on hold for some time.
Paul Bloxham of HSBC weighs in on the RBA's decision to keep cash rates steady.
However, any future move from the RBA is likely to be a downward one, says Ivan Colhoun at the National Australia Bank.