According to a Reuters survey, the Bank of Australia will keep its policy interest rate unchanged next Tuesday and will remain on hold for the rest of 2026 to assess the impact of interest rate hikes earlier this year on the economy. Since February, the Bank of Australia has raised cash interest rates by a total of 75 basis points to 4.35%, completely reversing last year's easing policy to contain inflationary pressure that had built up before the US and Israel went to war against Iran and drove oil prices to soar. Many economists say potential inflationary momentum is weakening, which provides a reason for policy makers to continue to take a wait-and-see attitude.

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