RBA holds cash rate at 4.35%, signals reprieve amid slowing economy

The Reserve Bank of Australia (RBA) has maintained its official cash rate at 4.35%, ending a series of three consecutive rises. Governor Michele Bullock delivered a strong message, citing a slowing economy and rising unemployment as factors influencing the decision, though a Middle East ceasefire is not yet cause for celebration.

16 Jun, 15:00 — 16 Jun, 15:00

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The GuardianMostly Factual19d ago

Finally, an interest rate reprieve – but a ceasefire in the Middle East doesn’t have the RBA popping champagne yet

Governor Michele Bullock delivers a strong message after the Reserve Bank holds the cash rate at 4.35%, ending a run of three rises RBA interest rates: Reserve Bank holds official cash rate at 4.35% Get our breaking news email, free app or daily news podcast It will take more than a ceasefire in the Middle East to prevent the Reserve Bank from hiking interest rates again. That was the strong message from the RBA governor, Michele Bullock, after the central bank held its cash rate at 4.35%,...

By Patrick Commins Economics editor

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RBA holds cash rate at 4.35%, signals reprieve amid slowing economy

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Finally, an interest rate reprieve – but a ceasefire in the Middle East doesn’t have the RBA popping champagne yet

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