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A hawkish hold by the RBA
Friday, 19 June 2026
In the same week that saw Washington and Tehran sign an interim deal and announce a 60-day extension to the 8 April 2026 ceasefire, the RBA’s Monetary Policy Board (MPB) voted unanimously to leave the cash rate target unchanged at 4.35%.
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About Mark Thirlwell
Mark Thirlwell has more than three decades of experience analysing the Australian and global economy, with a focus on the economic and geopolitical issues facing boards.He has held senior roles across government, financial services and policy institutions, including the Bank of England, JP Morgan and the Lowy Institute, and was previously Chief Economist at the Australian Trade and Investment Commission (Austrade). Mark holds economics degrees from Oxford and Cambridge universities and a postgraduate qualification in applied finance.
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