RBA interest rates: Reserve Bank holds cash rate at 4.35% as house prices continue to fall

In a widely expected decision, the Reserve Bank of Australia holds interest rate after three hikes earlier this year Follow our Australia news live blog for latest updates 35% but threatened to hike again if needed, as it warned falling house prices will slow income growth. The widely expected decision comes after a steep decline in property values in Sydney and Melbourne arrived in Brisbane, Perth and Adelaide following three rate hikes earlier this year.