16-June-2026
Economy News
 
Australia Central Bank Holds Rates, Warns Hikes Might Not Be Over
16-Jun-2026

?Australia's ?central bank held ?its cash rate steady at ?4.35% on Tuesday, saying the ?economy was slowing in ?the face of ?tighter ?financial conditions but warned it might hike the ?rate again if it was needed to control inflation. Wrapping up its ?June policy meeting, the Reserve Bank ?of ?Australia (RBA) said inflation ?was ?still too high and it would do ?whatever necessary ?to bring it down, "including increasing the cash rate target further if required."

News Source:- https://money.usnews.com/investing/news/articles/2026-06-16/australia-central-bank-holds-rates-warns-hikes-might-not-be-over