A rate hold - but will it last?
6/16/202622 min
After three rate hikes in 2026, the Reserve Bank has finally hit pause - leaving the cash rate unchanged at 4.35 per cent.
The Board says inflation is “still too high” and that higher fuel prices are “passing through to the prices of other goods and services”, but decided to hold steady while it assesses the impact of earlier increases.
Carrington Clarke and ABC News Business Editor Michael Janda unpack the unanimous decision on ABC Business Daily.
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Transcript preview
First 90 secondsCarrington Clarke· Host0:00
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Speaker 2· Soundbite0:11
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Carrington Clarke· Host0:19
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Carrington Clarke· Host0:29
Search Background Briefing Podcast on ABC Listen or wherever you get your podcasts. Dun, dun, dun. After a series of three rate hikes this year, the RBA has announced that it will hold rates, a decision that was in line with both predictions from economists and the market. So are mortgage holders out of the woods, and what does today's decision tell us about the RBA's take on the health of the economy? Welcome to ABC Business Daily. [upbeat music] I'm Carrington Clark.
Michael Janda· Guest1:06
And I'm ABC News business editor Michael Janda.
Carrington Clarke· Host1:09
Happy Rates Day.
Michael Janda· Guest1:10
It, it is a very happy day if you've got a mortgage like I do.
Carrington Clarke· Host1:13
I think there is a, a lot of relief around, uh, the country right now. I, I ... You could almost feel people exhaling when we had the decision that they weren't going to hike this time around. We're not at the RBA this time around because we don't have, uh, the statement of monetary policy accompanying