PolicyEconomyInterest ratesRBA leaves rates on hold but warns ‘inflation is still too high’Jun 16, 2026 – 2.43pmThe Reserve Bank has warned it will not hesitate to raise interest rates further if it fears inflation is becoming embedded across the economy, even as it left the cash rate on hold at 4.35 per cent.The board’s nine voting members unanimously backed the decision, which had been widely expected by financial markets.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Latest In EconomyFetching latest articlesMost Viewed In Policy
RBA leaves rates on hold but warns ‘inflation is still too high’
The RBA faces a difficult balancing act between persistently high inflation and emerging signs of weakness in the labour market and housing sector.
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