Interest Rates · 16 June 2026 (next decision 30 July 2026)

RBA holds at 4.35% but August hike remains firmly on the table

Developing story — facts still moving. Check Reuters or ABC News for the latest.

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Probably worth doing something about

With three rate hikes already in 2026, every mortgage holder and borrower is directly exposed; the next decision lands Wednesday 30 July — four days away.

In a nutshell: The RBA raised rates three times in 2026 to 4.35%, driven by the Iran-war oil shock lifting core inflation (trimmed mean) to 3.6%. It paused in June but its own minutes flagged further tightening was possible. The board meets again on 30 July; big-four bank economists are split on whether another 25bp hike follows.

Spin Unspin

What they’re saying

Board emphasised labour cost strains and broad-based price rises; signalled it would act if needed, leaving August wide open.

Rate relief is the consensus view — but only from 2027, not this year. The near-term question is whether the fourth hike still lands.

RBA meeting minutes, Canstar, Finder and Janus Henderson July outlook all corroborate the 4.35% rate and August risk.

Coming Up | RBA

Australia Interest Rate

Interest Rate Forecast & Predictions For 2026 | Canstar

Australian economic view – July 2026 - Janus Henderson Investors - Australia Professional Adviser

Do I care?

Model a further 25bp rise on your loan balance now, so Wednesday brings no surprise. Fixed-rate terms under two years are worth revisiting.

High-interest savings accounts and short-duration term deposits benefit while rates stay elevated; compare before rolling over.

Four days to the next decision — nothing to act on today, but worth knowing the date.

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