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The Guardian World news
RBA interest rates: Reserve Bank holds official cash rate at 4.35% Luca Ittimani
Reserve Bank of Australia decision on Tuesday comes after three consecutive cash rate hikes this yearFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank has warned it is ready to raise interest rates further despite leaving its official interest rate on hold at 4.35%.The widely expected decision on Tuesday will bring little relief to mortgage holders, already strained by the RBA’s three consecutive rate hikes earlier i
16 June 2026 at 07:35

RBA interest rates: Reserve Bank holds official cash rate at 4.35%

16 June 2026 at 07:35

Reserve Bank of Australia decision on Tuesday comes after three consecutive cash rate hikes this year

The Reserve Bank has warned it is ready to raise interest rates further despite leaving its official interest rate on hold at 4.35%.

The widely expected decision on Tuesday will bring little relief to mortgage holders, already strained by the RBA’s three consecutive rate hikes earlier in 2026.

The Guardian World news
Finally, an interest rate reprieve – but a ceasefire in the Middle East doesn’t have the RBA popping champagne yet Patrick Commins Economics editor
Governor Michele Bullock delivers a strong message after the Reserve Bank holds the cash rate at 4.35%, ending a run of three risesRBA interest rates: Reserve Bank holds official cash rate at 4.35%Get our breaking news email, free app or daily news podcastIt will take more than a ceasefire in the Middle East to prevent the Reserve Bank from hiking interest rates again.That was the strong message from the RBA governor, Michele Bullock, after the central bank held its cash rate at 4.35%, putting a
16 June 2026 at 15:00

Finally, an interest rate reprieve – but a ceasefire in the Middle East doesn’t have the RBA popping champagne yet

The Guardian World news

By: Patrick Commins Economics editor

16 June 2026 at 15:00

Governor Michele Bullock delivers a strong message after the Reserve Bank holds the cash rate at 4.35%, ending a run of three rises

It will take more than a ceasefire in the Middle East to prevent the Reserve Bank from hiking interest rates again.

That was the strong message from the RBA governor, Michele Bullock, after the central bank held its cash rate at 4.35%, putting an end to a run of three increases.