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News Wire / economy

RBA Holds Cash Rate At 4.35%

Bluesky Social Sydney 2d1d Impact 8
The Reserve Bank of Australia held its official cash rate at 4.35% after three consecutive hikes this year. The central bank warned it stands ready to raise rates further if needed. The RBA cited current economic conditions as the basis for holding the rate steady. The RBA aims to balance economic growth with price stability. This decision was made by the nine-member board, with some indicating the rate is still too high. This decision suggests a pause in monetary policy tightening. This decision was based on economic data, with the RBA noting that inflation has not softened materially.

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interest rates monetary policy

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Sources · 7 independent

Bluesky Social

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ABC News Radio

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Bloomberg 99.1/105.7 HD2

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RBA

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Sky News Australia Radio

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106.1 NxtRadio

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Bloomberg 99.1/105.7 HD2

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ABC News

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Bluesky Social

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ABC Local Radio 702 Sydney

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RNZ Pacific MP3

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Sky News Australia Radio

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3AW - Melbourne - 873 AM

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Reserve Bank of Australia

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Sydney

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ABC News Radio

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ABC Local Radio 702 Sydney

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96.3 Beat Fm

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