ABC Top Stories6/16/2026Business1 min readAustralia
Reserve Bank Holds Interest Rates Steady at 4.35%
Quick Look
- The Reserve Bank of Australia has decided to keep interest rates unchanged at 4.35%.
- This decision follows recent data indicating a loss of economic momentum and a rise in unemployment.
- However, with inflation still a concern, the RBA will monitor economic performance before making further adjustments.
AI-generated summary
Why It Matters
The Reserve Bank of Australia has maintained its interest rate at 4.35% due to a balance between slowing economic momentum and persistent underlying inflation.
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The Reserve Bank has kept interest rates on hold at 4.35 per cent.
The decision comes after recent data showed Australia's economy has lost momentum and that the unemployment rate has risen.
But with underlying inflation still too high, the RBA has chosen to keep rates steady to see how the economy performs in the coming weeks.
The decision was unanimous.
It means the official cash rate will remain at 4.35 per cent for two more months.
The next meeting will be held on August 10-11.
Open Questions
- Will inflation decrease sufficiently?
- When will rates potentially change?
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This article was originally published by ABC Top Stories.