RBA interest rates: Reserve Bank holds official cash rate at 4.35% as economy slows and unemployment rises (opens original article in a new tab)

The Reserve Bank of Australia kept its official cash rate at 4.35% as economic activity slowed and unemployment reached a four-year high. Mortgage holders face continued financial pressure from previous rate hikes, while household spending on non-essentials declined in the first quarter of 2026.

• Reserve Bank holds official interest rate at 4.35%
• Unemployment rises to 4.5% in May, a four-year high
• Household spending on non-essentials declined in Q1 2026