Steady as she goes – but maybe not for long
THE Reserve Bank has left the door open to more interest rate hikes as it held the benchmark lending rate steady for a second straight meeting. Falling house prices and lower-than-expected inflation helped convince the central bank’s nine-member monetary policy board to leave the cash rate untouched at 4.35 per cent on Tuesday. The unanimous decision had been widely expected by economists and money markets following relatively benign inflation figures released in late July. Following three interest rate rises since the beginning of 2026, financial conditions had tightened and t