In a widely expected decision, the Reserve Bank of Australia holds interest rate after three hikes earlier this year
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The Reserve Bank has held the official cash rate at 4.35% but threatened to hike again if needed, as it warned falling house prices will slow income growth.
The widely expected decision comes after a steep decline in property values in Sydney and Melbourne arrived in Brisbane, Perth and Adelaide following three rate hikes earlier this year.
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Source link : https://www.theguardian.com/business/2026/aug/11/rba-interest-rate-announcement-decision-cash-rates-economy
Author : Luca Ittimani and Patrick Commins
Publish date : 2026-08-11 05:09:00
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