The Reserve Bank of Australia left the official cash rate at a record low 0.1 per cent following its monthly board meeting, as widely anticipated by economists.
Broad-based selling has continued for a second consecutive day on the ASX as fears of a US credit default and energy shortages in China add to economic uncertainty.
Australia's share market has recorded its steepest fall since February as falling iron ore prices ruined miners and Chinese property giant Evergrande teetered on collapse.
Qantas Airways boss Alan Joyce had a pay rise to almost $2 million in the past financial year, while thousands of staff were cut due to the effect of COVID-19.