RBA Holds Rates as Inflation Slows | Australia News

The Reserve Bank held interest rates steady at 4.35% for the second consecutive time, as expected, after softer-than-anticipated inflation data and despite global oil price pressures. Inflation’s trimmed mean dropped to 3.6%, below forecasts, but the RBA stressed inflation remains too high and won’t return to their 2–3% target until early 2028. They warned of upside risks — including AI demand spikes, El Niño-driven food prices, or oil market shocks — while noting housing cooling could further slow spending. Though markets reacted mildly and the Treasurer welcomed the pause, the RBA made clear they’re not done: rate hikes remain on the table if inflation pressures resurface. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5198ae86a242f8de