In a widely expected decision, the Reserve Bank of Australia holds interest rate after three consecutive hikes Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast The Reserve Bank has held the cash rate at 4.35% in a widely expected decision despite persistent worries about elevated inflation. The announcement comes amid a steep decline in property prices in Sydney and Melbourne after three rate hikes earlier this year and major reforms to investor taxes. Continue reading...