RBA holds cash rate steady after three consecutive hikes
The Reserve Bank of Australia (RBA) left the cash rate unchanged at its June 2026 meeting, marking the first pause this year after three consecutive hikes since January.
In its statement, the RBA noted that while financial conditions have tightened and the economy is showing signs of slowing as expected, trimmed mean inflation (the RBA’s preferred measure) remains above target. According to the Australian Bureau of Statistics, trimmed mean inflation rose 3.4% in April, up from 3.3% in March.
Some of that pressure stems from the conflict in the Middle East, with higher oil prices flowing through to other goods and services. The Board left the door open to further hikes if needed, but said this latest decision was about assessing the impact of the three rises already delivered this year before moving again.
For borrowers, a pause adds a bit more certainty to the picture while you weigh up your options. Knowing the cash rate is steady for now makes it easier to compare home loan structures and plan your repayments with a clearer picture of what's ahead.
About the author – Alex Veljancevski is a Sydney Mortgage Broker with Eventus Financial, which assists first home buyers, investors, upgraders and borrowers seeking to refinance to a better deal on their home loan.
