Australia's Reserve Bank has held interest rates steady at 4.35%, bringing relief to borrowers after three consecutive rate increases. RBA Governor Michele Bullock delivered a strong message signaling the bank's confidence that inflation pressures are cooling.

The decision marks a turning point for Australian households and businesses grappling with the cost-of-living squeeze. While geopolitical tensions in the Middle East continue to create uncertainty—particularly around oil shipping routes—the central bank's pause suggests policymakers believe the worst of the inflation cycle may be behind us. Read the full story →

Today's takeaway: A pause in rate hikes offers breathing room for consumers and small businesses, though global economic uncertainty remains on the horizon.