68
Economics2h 55m ago

The Reserve Bank of Australia has kept its official interest rate at 4.35% following an economic slowdown and a four-year high in unemployment.

Archive Window: 7 Days Left

Australia

Who
Reserve Bank of Australia, Justin Zook, Luci Ellis, ANZ, Commonwealth Bank, NAB
What
The Reserve Bank of Australia has kept its official interest rate at 4.35% following an economic slowdown and a four-year high in unemployment.
When
Tue, 16 Jun 2026 04:30:50 GMT · 2h 55m ago
Where
Australia ·
Why
Economic activity slowed and unemployment reached 4.5% in May, leading to the decision to hold interest rates steady.
The Frontline Impact

How this affects you

The decision provides no immediate relief for mortgage holders already strained by previous rate hikes, as households continue to cut back on savings to cover essential costs. Economists and financial markets have differing expectations for future rate movements.

Story chain

6 events in this thread
  1. Economics2h 1m ago
    Australia's central bank has kept its cash rate steady at 4.35%, citing a slowdown in the economy amid tighter financial conditions, but has cautioned that a rate hike remains on the table if needed to bring inflation under control.
    Open article
  2. Economics2h 1m ago
    Australia's central bank has kept its cash rate steady at 4.35%, citing a slowdown in the economy amid tighter financial conditions.
    Open article
  3. Economics2h 18m ago
    The S&P/ASX 200 Index rose by 0.4% to 8,915 points after the Reserve Bank of Australia opted to keep its official cash rate on hold at 4.35%.
    Open article
  4. Currently Reading2h 55m ago
    The Reserve Bank of Australia has kept its official interest rate at 4.35% following an economic slowdown and a four-year high in unemployment.
  5. Economics2h 55m ago
    The Reserve Bank of Australia kept its official interest rate on hold at 4.35% on Tuesday after economic activity slowed and unemployment hit a four-year high.
    Open article
  6. Economics2h 55m ago
    The Reserve Bank of Australia has left its official interest rate on hold at 4.35%.
    Open article

Verified Sources & Citations