RBA Holds Rates, Markets Eye US Housing Data

The Reserve Bank of Australia (RBA) made its monetary policy decision on Tuesday, August 11, 2026. The RBA left its official cash rate unchanged at 4.35%, in line with market expectations.

In the accompanying Statement on Monetary Policy and public address, RBA Governor Michele Bullock emphasized persistent core inflation pressures, signaling a cautious approach toward potential monetary easing.

Australia's NAB Business Confidence index held steady at -6 points for July. While these numbers are not particularly surprising, they will likely have an impact on the market in the coming days.