Sigh of relief across Australia as RBA breaks run of rate hikes A fourth consecutive rate hike would have turned the dial up to a level not seen in almost 15 years.1 min read

7NEWS06-16 00:00

Millions of households will breathe a sigh of relief after the Reserve Bank of Australia (RBA) broke its run of form to hold the official cash rate steady at 4.35 per cent.The hold comes despite ...

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the bank’s preferred target range.“The latest data show that headline and underlying inflation are still too high,” the board said following its “unanimous” decision on Tuesday. Know the news with the 7NEWS app: Download today Arrow“Oil prices have eased in recent weeks, although energy and most related commodity prices remain higher than they were prior to the conflict in the Middle East.” The RBA’s monetary policy board had hiked rates in February, March and May, taking Australia “back to square one” after three cuts in 2025.A fourth consecutive rate hike this year would have turned the official cash rate dial up to a level not seen since November 2011.- More to come . . . Labor cites auctions as evidence tax reform fears are ‘unfounded’2 min readMum reveals what thieves said after taking baby in stolen car3 min read","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"economic","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2643356727","isCrawlerRequest":true}