4.35% — the RBA cash rate, frozen on hold after three consecutive hikes in 2026, leaving mortgage holders gasping and traders recalibrating their bets on where rates go next.

Money Moves

• ASX 200 futures point down 21 points (-0.24%) to 8,904 — the index inched higher on Tuesday but Wall Street's chipmaker rout and falling iron ore are dragging spirits this morning.
• Hancock Prospecting axes hundreds of jobs at Pilbara iron ore operations — Gina...