RBA interest rates: Reserve Bank holds cash rate at 4.35% as house prices continue to fall

The Reserve Bank of Australia held its cash rate at four point three five percent, in a widely expected decision. Per the Guardian, the central bank maintained that level despite ongoing concerns about elevated inflation. The decision comes as property prices in Sydney and Melbourne continue their sharp decline following three rate hikes earlier this year and major reforms to investor taxation.

Listen to this story

Hear this and more stories in a personalized audio briefing.

Open The Chonkerton