Finally, an interest rate reprieve – but a ceasefire in the Middle East doesn’t have the RBA popping champagne yet

Governor Michele Bullock delivers a strong message after the Reserve Bank holds the cash rate at 4.35%, ending a run of three rises

• RBA interest rates: Reserve Bank holds official cash rate at 4.35%

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It will take more than a ceasefire in the Middle East to prevent the Reserve Bank from hiking interest rates again.

That was the strong message from the RBA governor, Michele Bullock, after the central bank held its cash rate at 4.35%, putting an end to a run of three increases.