RBA leaves interest rate unchanged at 4.35% even as inflation remains “still too high”

In a unanimous decision, the central bank’s nine-member monetary policy board left the cash rate untouched at 4.35%. RBA leaves interest rate unchanged at 4.35% even as inflation remains “still too high”The Reserve Bank has held interest rates steady for a second straight meeting despite inflation hovering well above its target. In a unanimous decision, the central bank’s nine-member monetary policy board left the cash rate untouched at 4.35% on Tuesday. Economic forecasts released by the bank at the same time as its rate decision showed the RBA still expected inflation to remain above 2.5% until early 2028. In its Statement on Monetary Policy, the RBA noted a deeper decline in housing prices than anticipated could further weigh on economic growth.