RBA's decision to hold rates steady | ABC NEWS

After three rate hikes in 2026, the Reserve Bank has finally hit pause, leaving the cash rate unchanged at 4.35%.

The board says inflation is "still too high" and that higher fuel prices are "passing through to the prices of other goods and services", but it decided to hold steady while it assesses the effect of earlier increases.

RBA governor Michele Bullock says today's on-hold decision doesn't rule out further policy tightening if required.

She reiterates an oft-repeated view that high inflation hurts everyone, especially the most vulnerable.


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