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RBA Holds Rate 4.35%, Flags Inflation Risks, Possible Hike

6/30/2026

31 7 Full Breakdown

Summary

Story summary

RBA kept the cash rate at 4.35% in June 2026 and signaled readiness to raise.
May CPI was 4.0% and core inflation 3.6%, both above the 2-3% target.
Board said financial conditions were somewhat restrictive and home prices fell in Sydney and Melbourne.
Minutes flagged the Middle East conflict as an upside inflation and downside growth risk, pricing markets at ~10 bps tightening and 17 bps easing by 2027.

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Story summary

RBA kept the cash rate at 4.35% in June 2026 and signaled readiness to raise.
May CPI was 4.0% and core inflation 3.6%, both above the 2-3% target.
Board said financial conditions were somewhat restrictive and home prices fell in Sydney and Melbourne.
Minutes flagged the Middle East conflict as an upside inflation and downside growth risk, pricing markets at ~10 bps tightening and 17 bps easing by 2027.