IN FULL: RBA raises interest rates to 4.35% | ABC NEWS

The Reserve Bank has increased interest rates by 0.25 percentage points to 4.35%. Interest rates have now returned to the level they were in February 2025 before the RBA began its rate-cutting cycle that year. Rates have been lifted three times in 2026 (in February, March, and May), but economists say the Reserve Bank Board may now want to wait a while to see how the economy responds before it moves rates again. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-05-0... ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC NEWS, click here: https://ab.co/2kxYCZY Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2 Like ABC NEWS on Facebook:   / abcnews.au   Follow ABC NEWS on Instagram:   / abcnews_au   Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia