{"id":734193,"date":"2026-08-11T04:44:16","date_gmt":"2026-08-11T04:44:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/734193\/"},"modified":"2026-08-11T04:44:16","modified_gmt":"2026-08-11T04:44:16","slug":"rba-interest-rates-reserve-bank-holds-cash-rate-at-4-35-as-house-prices-continue-to-fall-australian-economy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/734193\/","title":{"rendered":"RBA interest rates: Reserve Bank holds cash rate at 4.35% as house prices continue to fall | Australian economy"},"content":{"rendered":"

The Reserve Bank has held the cash rate at 4.35% in a widely expected decision despite persistent worries about elevated inflation.<\/p>\n

The announcement comes amid a steep decline in property prices in Sydney and Melbourne after three rate hikes earlier this year and major reforms to investor taxes.<\/p>\n

Economists and financial markets were unanimous in predicting no change following the latest two-day RBA board meeting, but a fourth hike this year remains on the table as the central bank attempts to complete a long glide-path back to its 2.5% inflation target without triggering a big rise in unemployment.<\/p>\n

Inflation eased to 3.8% in June<\/a>, higher than the RBA\u2019s target of 2% to 3% but below the 4.8% rise the central bank had predicted.<\/p>\n

Michele Bullock, the governor, has also said house prices have been falling<\/a> faster than the RBA expected. Westpac has blamed interest rate rises for a 20% fall in home lending since May.<\/p>\n

Carol Kong, an analyst at Commonwealth Bank, said in a note on Tuesday that the RBA could afford to wait and see how severely its past hikes were affecting the economy,.<\/p>\n

\u201cSofter inflation and the weakness in the housing market give the RBA scope to assess the lagged effects of earlier tightening,\u201d Kong said.<\/p>\n

Bullock will hold her regular press conference at 3.30pm, Sydney time.<\/p>\n

More details soon \u2026<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"The Reserve Bank has held the cash rate at 4.35% in a widely expected decision despite persistent worries…\n","protected":false},"author":2,"featured_media":734194,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-734193","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/734193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=734193"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/734193\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/734194"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=734193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=734193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=734193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}