Australia raises interest rates to 15-year high amid inflation pressure
Australia's central bank has raised its benchmark interest rate to a 15-year high, increasing borrowing costs for households and businesses across the country. The Reserve Bank of Australia lifted the cash rate by 0.25 percentage points to 4.6%, the highest level since 2011. The move comes as policymakers continue to confront persistent inflation and renewed pressure on energy prices.The bank said inflation remained elevated and that previously identified upside risks had materialised. In a statement, its monetary board said there were heightened uncertainties about domestic economic activity and inflation. It added that the unresolved Middle East conflict and global oil... [Continue Reading]
360LiveNews | 29 Sep 2026 08:02 LONDON
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