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Economics1h 48m ago
The Reserve Bank of Australia held its cash rate at 4.35%, ending a series of three increases, but Governor Michele Bullock stated that inflation remains too high and further tightening of monetary policy is possible.
Australia
Who
Michele Bullock, Jim Chalmers, Reserve Bank of Australia (RBA)
What
The Reserve Bank of Australia held its cash rate at 4.35%, ending a series of three increases, but Governor Michele Bullock stated that inflation remains too high and further tightening of monetary policy is possible.
When
Tue, 16 Jun 2026 15:00:08 GMT · 1h 48m ago
Where
Australia ·
Why
The RBA aims to bring consumer price growth into the 2-3% target range, and while a Middle East ceasefire could support lower commodity prices, an orderly resolution is not assured and inflation risks persist.
The Frontline Impact
How this affects you
The RBA's decision to maintain the cash rate provides a temporary reprieve for households facing higher borrowing costs, but the bank's hawkish stance and ongoing inflation concerns, despite potential peace in the Middle East, suggest that future interest rate increases are still a possibility, leading to continued economic uncertainty in Australia.
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