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RBA Holds 4.35% Rate as Inflation Stubborn, GDP Slows

6/16/2026

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Summary

Story summary

The Reserve Bank of Australia kept its cash rate at 4.35% on Dec. 9, 2025, as Governor Michele Bullock announced the decision in Sydney and said inflation remains too high, ready to raise rates.
Q1 2026 GDP grew 2.5% YoY while quarterly growth slowed to 0.3% versus a 0.5% forecast.
Inflation eased to 4.2% YoY in April, prompting the Australian dollar to fall 0.3% to US$0.705 and the S&P/ASX 200 to slip marginally.

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Story summary

The Reserve Bank of Australia kept its cash rate at 4.35% on Dec. 9, 2025, as Governor Michele Bullock announced the decision in Sydney and said inflation remains too high, ready to raise rates.
Q1 2026 GDP grew 2.5% YoY while quarterly growth slowed to 0.3% versus a 0.5% forecast.
Inflation eased to 4.2% YoY in April, prompting the Australian dollar to fall 0.3% to US$0.705 and the S&P/ASX 200 to slip marginally.