Live: RBA tipped to keep rates on hold as US-Iran deal sends stocks soaring

live RBA live updates: Reserve Bank tipped to keep interest rates on hold, Dow closes at record as US-Iran deal buoys stocks The Reserve Bank board will wrap up its two-day June meeting with a decision on interest rates at 2:30pm AEST. The cash rate is widely forecast to remain unchanged at 4.35 per cent, after three consecutive rate hikes this year. Meanwhile, the US-Iran ceasefire deal buoyed sentiment among investors, with the Dow rallying to a record close on Wall Street. Follow the day's financial news and insights from our specialist business reporters on our live blog. Disclaimer: this blog is not intended as investment advice. Submit a comment or question Live updates Tue 16 Jun 2026 at 7:15am RBA forecast to keep interest rates on hold at 2:30pm AEST The Reserve Bank board will deliver its June interest rate decision at 2:30pm AEST this afternoon. That will be followed by a press conference from RBA governor Michele Bullock at 3:30pm. We will have full coverage, market reaction and analysis here on the blog, so stick with us. New: Filters Choose what information you see below by using filters Tue 16 Jun 2026 at 7:44am 💬How are you feeling about interest rates right now? The Reserve Bank lifted interest rates in February, March and May, so every meeting of the year thus far. Today, expectations are overwhelmingly for rates to remain on hold. And since the last RBA meeting, forecasts have shifted towards the central bank remaining on hold for the foreseeable future, and some prominent economist now tipping the next move to be down. Whether you have a mortgage, are renting, saving, hoping to buy, living on retirement income, or just trying to manage the cost of living, we'd like to hear from you. How will you feel today if interest rates remain on hold? Join the conversation by leaving a comment above. Key Event Tue 16 Jun 2026 at 7:41am Is it a buyers strike on the property market? Potentially some bad news for real estate agents and those in a rush to sell a property. Data from Cotality shows final auction clearance rates dropped to about 43% at the first weekend after the May 12 budget. Zooming out, capital city sales fell almost 17% from May 2025, to May 2026, as cities across the country see a cooling in the value of house prices, and in some cases like Sydney and Melbourne, a decline in value. Interest rate hikes, geopolitical uncertainty, and federal budget announcements have created the perfect storm for these numbers. You can read the full piece from Hanan Dervisevic below: Key Event Tue 16 Jun 2026 at 7:26am Dow climbs to record close as US-Iran deal buoys stocks Good morning and welcome to another day on markets — and happy RBA day to all those who celebrate/observe/mourn interest rate movements (or lack there of). As the Australian and Asian sessions indicated yesterday, the announcement of a ceasefire agreement between the US and Iran buoyed stocks, with the positive sentiment extending into Wall Street trade. The Dow Jones Industrial Average climbed 468 points or 0.9% to a record close. The tech-heavy Nasdaq surged 3.1%, while the broader S&P 500 index added 1.7%. Helping the Nasdaq was a huge rally for SpaceX shares, up 19.6% on what was their second day of trade. Yesterday, it was revealed Australian billionaire Gina Rinehart's Hancock Prospecting had taken a reported $1.4 billion stake in SpaceX at IPO. Despite the boost from overseas, ASX futures indicate the local index could retrace some of yesterday's jump at the open, with SPI 200 futures down 1.1%, but let's see. And of course, the Reserve Bank interest rate setting-board members will be back at the table today, with a decision due at 2:30pm AEST. No change expected this meeting. Stay with us through the day. Loading [Image text:] RESERVE BANK OF LAUSTRALIA