RBA holds interest rates at 4.35%
The Reserve Bank of Australia maintained its cash rate at 4.35% in a widely anticipated decision, signaling it may implement further hikes if necessary. The decision follows three rate increases earlier in the year and comes as falling house prices spread from Sydney and Melbourne to other major cities, with the RBA warning that property decline will suppress income growth.
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RBA interest rates: Reserve Bank holds cash rate at 4.35% as house prices continue to fall
The Reserve Bank of Australia maintained its cash rate at 4.35%, holding steady after three rate increases earlier in the year. While the decision was widely anticipated, the RBA signaled it may raise rates again if necessary and warned that declining house prices across major Australian cities could negatively impact income growth.
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