RBA interest rates: Reserve Bank leaves cash rate unchanged in reprieve for Australian mortgage holders

The RBA has left the cash rate on hold at 4.35% for a sixth meeting in a row, but says inflation is proving persistent

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Australian borrowers will likely have to wait until 2025 before they get any interest rate relief after the Reserve Bank left its cash rate unchanged but said inflation remained too high.

The central bank on Tuesday left its cash rate unchanged at 4.35% for a sixth meeting in a row. The decision was widely expected by economists after June quarter inflation largely met the RBA's forecasts and market turmoil began spreading around the world.