The Reserve Bank of Australia (RBA) holds the official cash rate at 4.35% at its June meeting, according to multiple reports. The decision follows three consecutive rate hikes earlier in 2026. The RBA’s move is described as widely expected, with no increase delivered at this meeting. One report says the pause offers limited immediate relief to mortgage holders, who have already been affected by the earlier sequence of hikes. Another source notes that a further increase would have taken the rate to a level not seen in nearly 15 years, underscoring the sensitivity of the decision for borrowers.
Reports also point to economic conditions influencing the RBA’s assessment. The Guardian says economic activity slows and unemployment rises, with unemployment reaching a four-year high. The combination of weaker growth indicators and a worsening labour market is presented as part of the rationale for leaving rates unchanged rather than extending the tightening cycle.
