RBA live: Millions of Aussies await interest rate decision
The Reserve Bank of Australia has maintained the cash rate at 4.35% for the second consecutive time. Governor Michele Bullock indicated that the board is awaiting further economic data to ensure inflation returns to the target range.
Why it matters
Interest rate decisions directly impact mortgage affordability and the broader Australian property market, which is currently showing signs of cooling.
Welcome to our live coverage of today's RBA interest rate decision.
The RBA has held the cash rate at 4.35%. Stay tuned for reactions from economists and updates live from the press conference following the announcement.
RBA Governor Michele Bullock. Picture: Gaye Gerard
Thank you for joining us this afternoon for our coverage on the Reserve Bank’s fifth cash rate decision for 2026 – the first of the 2026-27 financial year.
To recap, the cash rate will remain on hold at 4.35%. Speaking to media following the decision, governor Michelle Bullock said the board was waiting on more data to confirm financial conditions are tight enough to bring down inflation into the 2-3% target range in line with its current forecast of late 2027.
Today’s decision marks the second time in a row that the cash rate has been left unchanged after three consecutive hikes in February, March and May.
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