RBA interest rates: Reserve Bank of Australia leaves cash rate on hold at 3.85%

<p>Decision will come as shock to financial markets and large majority of experts who were sure RBA board would cut for a second straight meeting</p><ul><li><p><a href="https://www.theguardian.com/australia-news/live/2025/jul/08/anthony-albanese-tariffs-trump-east-melbourne-synagogue-bobdi-junction-nine-ntwnfb">Follow our Australia news live blog for latest updates</a></p></li><li><p>Get our <a href="https://www.theguardian.com/email-newsletters?CMP=cvau_sfl">breaking news email</a>, <a href="https://app.adjust.com/w4u7jx3">free app</a> or <a href="https://www.theguardian.com/australia-news/series/full-story?CMP=cvau_sfl">daily news podcast</a></p></li></ul><p>The Reserve Bank of Australia has held rates at 3.85%, in a surprise decision that denies further mortgage relief for millions of Australian households.</p><p>The decision will come as a shock to financial markets and a large majority of experts who were sure the RBA board would cut interest rates for a second straight meeting.</p><p><strong><a href="https://www.theguardian.com/email-newsletters?CMP=copyembed">Sign up for Guardian Australia’s breaking news email</a></strong></p> <a href="https://www.theguardian.com/australia-news/2025/jul/08/rba-interest-rates-reserve-bank-australia-cash-rate-meeting-july">Continue reading...</a>