Banks › Reserve Bank of Australia › History › 16 Jun 2026
Reserve Bank of Australia: decision of 16 June 2026
The Reserve Bank of Australia left the cash rate target unchanged at 4.35% after three increases earlier in 2026.
Decision
hold
- Rate
- 4.35%=4.35%
- Change
- 0 bp
- Vote
- unanimous
- Announced
- 14:30 Sydney time
Sources
- Statement
- rba.gov.au/media-releases/2026/mr-26-15.…
- Minutes
- rba.gov.au/monetary-policy/rba-board-min…
- Recorded
- 16 Jun 2026
- Data
- JSON
What the bank said
The Board said inflation remained too high and that higher fuel prices from the Middle East conflict were adding to inflation directly and spreading to other goods and services.
It judged that holding the rate was appropriate while it assessed the effects of the three increases this year, which had tightened financial conditions, and of the oil supply disruption.
The Board noted that consumer spending growth was slowing and that the unemployment rate in April was higher than expected.
Guidance. The Board said it would do what it considers necessary, including increasing the cash rate target further if required.
Before and after
- Previous decision: 5 May 2026, raised the cash rate target by 25 bp to 4.35%.
- Next decision: 11 Aug 2026, held the cash rate target at 4.35%.
- All Reserve Bank of Australia decisions and the rate history