RBA leaves cash rate unchanged at 4.35% in June monetary policy meeting, as expected
AUD/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
UOB | Bearish | 0.7120 |
Barclays | Bullish | 0.6900 |
Goldman Sachs | Bullish | 0.7000 |
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Prior 4.35% Decision today was unanimous Headline and underlying inflation are still too high Heightened uncertainty remains on economic and inflation outlook Resolution of the conflict in the Middle East is at an early stage There are plausible scenarios where inflation is highe
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The Reserve Bank of Australia (RBA) has raised its cash rate to 4.35% in the May monetary policy meeting, a move anticipated by market participants. Per the full note [source], traders had priced in approximately 85% odds of a 25 basis point increase, with expectations for a total of around 61 basis points of hikes by year-end. This decision aligns with the broader trend of central banks tightening monetary policy in response to persistent inflationary pressures. As the RBA continues to navigate these economic challenges, market reactions will be closely monitored for further directional cues.
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