Reserve Bank of Australia
June 16 – June 24, 2026 Updated 9h ago
RBA holds cash rate at 4.35%, warns of more hikes if inflation persists
Australia’s central bank left its cash rate at 4.35% after three increases this year, citing a slowing economy but warning it could raise rates again if oil-driven inflation stays too high.
Australian inflation cools to 4% but core measure ticks up, complicating RBA
Australia's monthly CPI indicator eased to 4.0% in the year to May from 4.2%, helped by falling fuel, but the trimmed mean core rate rose to 3.6%, keeping the Reserve Bank cautious.