RBA holds cash rate at 4.35%, keeping policy at its highest level since 2011
AI Market Summary
The RBA held the cash rate at 4.35%, citing easing June inflation and slightly softer property prices, while trimming its 2026 core (trimmed mean) inflation forecast to 3.3% from 3.5%. The unchanged policy rate limits near-term repricing in Australian risk assets, but the downward inflation trajectory reduces tail risk of further tightening. AUD and rate-sensitive ASX sectors may react to the implied disinflation path and September meeting outlook.
Impact level
● Medium
Affected assets
NCFXAUD2USD/USDT+0.12%
AI Insight · NCFXAUD2USD/USDTAI Insight
● Neutral
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The Reserve Bank of Australia kept the cash rate unchanged at 4.35%, its highest level since 2011. After headline inflation cooled in June, the central bank lowered its inflation forecasts, cutting its end-2026 trimmed mean projection to 3.3% from 3.5%. It expects inflation to return to the midpoint of its 2-3% target range by early 2028. The RBA’s next monetary policy meeting is scheduled for September 28-29.
