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The RBA held again. The next move is the one that hurts
The cash rate stayed at 4.35 per cent this month, but the board left the door open in both directions.
Another hold is not the same as an easing cycle. Headline inflation is still above the target band, and the board has been careful not to rule out a further increase.
For borrowers, the practical difference is timing. A hold buys months, not relief.
The forecasts have inflation back at the midpoint by early 2028 — a long, flat path that assumes the economy slows on cue.
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