Blog post by Empower Wealth

(LIVE) RBA June 2026 | Pause, Peak… or More Pain Ahead?

The RBA has held the cash rate at 4.35% — the first pause after three consecutive hikes this year. But the Board’s statement made it clear that the tightening cycle is not necessarily over.

What Happened Today?

The RBA left the cash rate unchanged for the first time in 2026, responding to signs that the trio of earlier hikes are beginning to weigh on the economy.

The nine-member board unanimously held the cash rate at 4.35%, while warning that inflation still remains too high. The Board also noted that while oil prices had eased in recent weeks, related commodity prices were still higher than before the Middle East conflict began, and both headline and underlying inflation remained elevated.

So while today’s decision brings some relief, it is not necessarily the all-clear.

What This Means for Mortgage Holders

A hold doesn’t mean the pressure is off.

The cash rate is still sitting at 4.35% and the cumulative impact of this year’s three hikes is still working its way through household budgets.

For a variable-rate borrower with a $700,000 mortgage, this year’s cumulative 75 basis points of increases could add hundreds of dollars to monthly repayments, depending on their loan structure, rate and remaining term.

That is why now is a smart time to make sure your loan is still competitive.

If your fixed rate is coming up for renewal, or you simply haven’t reviewed your loan in a while, working with an experienced mortgage broker can help you compare your options beyond what your current bank puts forward.

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Categories: Mortgage Broking

Tags: Australian economy, Australian property market, Cash Rate, Current Interest Rates, Gross Domestic Product (GDP), Home Loan, Inflation, Interest Rate, Interest Rate Announcement, Monetary Policy, mortgage broking, Property Market, property prices, RBA, rba cash rate, RBA Rate, Reserve Bank of Australia (RBA), Unemployment