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Economics2h 57m ago
The Reserve Bank of Australia held its cash rate at 4.35%, ending a run of three increases, with Governor Michele Bullock stating that inflation remains too high.
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Australia, Middle East
Who
Michele Bullock, Jim Chalmers
What
The Reserve Bank of Australia held its cash rate at 4.35%, ending a run of three increases, with Governor Michele Bullock stating that inflation remains too high.
When
Tue, 16 Jun 2026 15:00:08 GMT · 2h 57m ago
Where
Australia, Middle East ·
Why
The RBA aims to bring consumer price growth into the 2-3% target range, despite high borrowing costs and slowing economic growth.
The Frontline Impact
How this affects you
The RBA's decision to maintain interest rates signals an ongoing battle against inflation, with geopolitical developments in the Middle East adding uncertainty to global commodity flows and future price stability, impacting Australian households and the broader economy.
Story chain
2 events in this thread- Economics2h 57m agoThe Reserve Bank of Australia held its cash rate at 4.35%, ending a run of three increases, but Governor Michele Bullock warned that inflation remains too high.Open article
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