Rba Holds Rates but Leaves Door Open for More Hikes

The Reserve Bank of Australia held the cash rate at 4.35% in June, pausing after three 25 basis point hikes but signaling it could tighten again if conditions demand. The central bank is watching inflation closely, particularly as oil-price-driven boosts fade amid geopolitical noise that buoyed the Australian dollar. As US-Iran peace talks progress and a new round of discussions begins in Switzerland, markets eye the Fed meeting for clues on future policy. Investors will scrutinize guidance on whether the pause becomes a longer holding pattern or a prelude to further hikes.