The Reserve Bank of Australia has unanimously decided to leave its official cash rate on hold at 4.35%, after economic activity slowed and unemployment hit a four-year high.
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The widely expected decision will bring little relief to mortgage holders, already strained by the RBA’s three consecutive rate hikes earlier in 2026. ‘There are signs that the economy is slowing as expected,’ RBA governor Michele Bullock says. ‘But inflation is still too high and the board judged that it was appropriate to leave the cash rate target unchanged while it assesses the response to previous interest rate rises and the impact of the oil supply disruption’
RBA interest rates: Reserve Bank holds official cash rate at 4.35% as economy slows and unemployment rises ► https://www.theguardian.com/australia-news/2026/jun/16/rba-interest-rate-announcement-decision-cash-rates-economy-unemployment-inflation
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