RBA holds official interest rate at 3.6% after surprise inflation jump

Reserve Bank’s decision to leave cash rate on hold was widely expected and major banks predict no interest rates cut until 2026Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank has left the official interest rate on hold after a surprise jump in inflation, in a widely expected decision.The RBA’s monetary policy board on Tuesday kept the cash rate at 3.6%, where it has sat since August. Economists and banks overwhelmingly expected no change. Continue reading...