16/06/2026
π¨ BREAKING FINANCE NEWS: RBA holds rates steady at 4.35% π¨
Some rare relief for Aussie borrowers today! The Reserve Bank of Australia has voted unanimously to pause interest rate hikes for June, snapping a streak of three consecutive increases this year.
Why the pause?
Recent data shows the Australian economy is cooling down, with GDP growth slowing to 0.3% and unemployment rising to 4.5%. However, Governor Michele Bullock warned that inflation remains sticky, meaning rates will likely stay "higher for longer."
What the experts are saying:
πΉ Major banks (CBA, ANZ, NAB) think 4.35% is the peak, but predict no cuts until 2027.
πΉ Westpac warns that stubborn inflation could still force another hike by September.
Are you breathing a sigh of relief, or are you still worried about further hikes later this year? Let's discuss in the comments. π¬