RBA interest rates: Reserve Bank holds cash rate at 4.35% but threatens more hikes if needed

The Reserve Bank of Australia held its official cash rate at four point three five percent but warned it may raise rates again if needed, The Guardian reports. The decision comes as property prices have fallen sharply in Sydney and Melbourne and are spreading to Brisbane, Perth, and Adelaide—a trend the RBA says will slow income growth. This follows three rate hikes the RBA implemented earlier in the year.

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