RBA interest rates: Reserve Bank holds official cash rate at 4.35% as economy slows and unemployment rises

<p>Reserve Bank of Australia decision on Tuesday comes after three consecutive cash rate hikes this year</p><ul><li><p><a href="https://www.theguardian.com/australia-news/live/2026/jun/16/australia-news-live-victoria-wfh-work-from-home-labor-fuel-excise-budget-cost-of-living-albanese-chalmers-one-nation-hanson-rba-interest-rates-decision-ntwnfb">Follow our Australia news live blog for latest updates</a></p></li><li><p>Get our <a href="https://www.theguardian.com/email-newsletters?CMP=cvau_sfl">breaking news email</a>, <a href="https://app.adjust.com/w4u7jx3">free app</a> or <a href="https://www.theguardian.com/australia-news/series/full-story?CMP=cvau_sfl">daily news podcast</a></p></li></ul><p>The Reserve Bank has warned it is ready to raise interest rates further despite leaving its official interest rate on hold at 4.35%.</p><p>The widely expected decision on Tuesday will bring little relief to mortgage holders, already strained by the RBA’s three consecutive rate hikes earlier in 2026.</p> <a href="https://www.theguardian.com/australia-news/2026/jun/16/rba-interest-rate-announcement-decision-cash-rates-economy-unemployment-inflation">Continue reading...</a>