SYDNEY—Australia’s central bank kept interest rates unchanged as expected at a board meeting Tuesday, offering no hints of a change in policy stance in the near-term.

The Reserve Bank of Australia maintained its cash rate target at a record low 1.5%, where it has stood since mid-2016.

The problem of anemic wages growth and record household debt continues to keep the RBA on the sidelines. While the jobless rate has fallen steadily to a 6-year low, there is as yet no sign of a broad upswing in incomes. Inflation is expected to rise only gradually over time.

“One continuing source of uncertainty is the outlook for household consumption. Growth in household income remains low and debt levels are high,” RBA Gov. Philip Lowe said in a statement.

Rising trade tensions between the U.S. and China is also keeping the RBA cautious.