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%

• Follow our Australia news live blog for latest updates

• Get our breaking news email, free app or daily news podcast

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.

Reserve Bank of Australia decision on Tuesday comes after three consecutive cash rate hikes this year

• Follow our Australia news live blog for latest updates

• Get our breaking news email, free app or daily news podcast

The Reserve Bank has warned it is ready to raise interest rates further despite leaving its official interest rate on hold at 4.35%.

The widely expected decision on Tuesday will bring little relief to mortgage holders, already strained by the RBA’s three consecutive rate hikes earlier in 2026.