RBA Holds Rates as 'Higher for Longer' Debate Heats Up

4.35% — The RBA's cash rate held steady at its equal-highest level, but the central bank's hawkish tone isn't swaying major banks.

Money Moves

• Westpac CEO warns rates may not fall before 2028 — A stark reminder that relief for mortgage holders could be years away, not months.
• Goldman Sachs, JPMorgan bet on rate cuts next year — Investment banks are doubling down on cuts, betting the economy will weaken more than the RBA expects.
• **SEEK job ads...