The RBA stayed on hold today, but there were several “subtle but important” changes to the statement. We investigate... The appears to be growing more confident about both the economic and inflationary outlook.

At its September policy meeting, the RBA maintained the benchmark interest rate at 4.35% for the seventh straight meeting. Recent data has not materially affected policy outlook. Rates to remain on hold for time being. Progress on underlying inflation likely remained slow in Q3.

RBA Housing Loan Payments data shows Australian borrowers were collectively charged around $14.5 billion on their home loan repayments in June. Canstar’s data insights director Sally Tindall said cash rate cuts: "will be music to borrowers’ ears but the RBA is unlikely to move any time soon".

The RBA last raised the cash rate to 4.35% on November 2023, and with many homeowners holding out for relief, some expect the RBA to make a proactive and popular decision before the holiday season.

The Reserve Bank of Australia kept interest rates steady, deepening a split with global counterparts including the Federal Reserve that are loosening policy as they grow increasingly confident that inflation is under control.

Australia's central bank held interest rates steady on Tuesday as expected, while reiterating that policy needed to stay tight and it was not ruling out further increases if needed to control inflation.

The Reserve Bank of Australia held the cash rate steady at 4.35 per cent at its September meeting and kept all options open in its fight against inflation.

At its September meeting, the Reserve Bank of Australia held its cash rate at 4.35%, matching market expectations and maintaining borrowing costs for the seventh consecutive meeting.