The Reserve Bank of Australia left its cash rate unchanged at a 12-year high in the final meeting of the year as the impact of the more recent rate hikes continue to flow through the economy.
The policy board of the RBA, governed by Michele Bullock, decided to maintain the cash rate target at 4.35 percent.
The RBA board also retained the interest rate paid on exchange settlement balances at 4.25 percent.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.