RBA Leaves Rates Steady Amid High Inflation Warnings

The Reserve Bank of Australia (RBA) has left interest rates steady at 4.35% as expected, despite some signs of cooling inflation.

The central bank warned that price pressures remain high and could lead to further rate hikes.

The RBA cut its inflation forecasts for end-2026, citing a softer-than-expected print for the second quarter.

Despite the rate hold, the RBA acknowledged that Australian financial conditions have tightened after recent rate hikes, and inflation remains too high.