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RBA interest rates: Reserve Bank holds official cash rate at 4.35% as economy slows and unemployment rises

The Guardian World Tuesday 16 June 2026, 04:30 UTC By Luca Ittimani 1 min read
Key Points

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 left its official interest rate on hold at 4.35%, after economic activity slowed and unemployment hit a four-year high. The widely expected decision on Tuesday will bring little relief to mortgage holders, already strained by the RBA’s three consecutive rate...

Reserve Bank of Australia decision on Tuesday comes after three consecutive cash rate hikes this year

The Reserve Bank has left its official interest rate on hold at 4.35%, after economic activity slowed and unemployment hit a four-year high.

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.

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Originally published by The Guardian World Read original →

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