"Rate Relief Delayed: Reserve Bank of Australia Keeps Interest Rates Steady, But Warns of Future Hikes In a move that will come as little surprise to many, the Reserve Bank of Australia has announced it will keep its official interest rate at 4.35%. This decision, made on Tuesday, marks the end of a period of speculation surrounding the RBA's next move. Despite the stability provided by this move, mortgage holders will likely remain on edge, having already weathered three consecutive cash rate hikes earlier this year. The RBA's warning that it is prepared to raise interest rates further in the future suggests that the relief may be short-lived, with many facing the prospect of higher borrowing costs to come."
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 in 2026. Continue reading...
