Australia Holds Key Rate Steady Amid Elevated Inflation Pressures

Australia's central bank governor Michele Bullock emphasized that interest rates may not be done rising as she kept key rates unchanged for a second straight meeting on August 11, 2026.

The decision was seen as a hawkish stance by analysts, implying further tightening could be necessary to combat elevated inflation pressures.

Bullock used her press conference to drive home the point that the Reserve Bank's rate-hiking cycle may not be over, repeating that while the board considered a hold or an increase, a rate cut wasn't on its agenda.