Australia raises benchmark rates to 15-year high as it fights sticky inflation
The unanimous move lifts borrowing costs to a 15-year high as the RBA warns inflation risks are still materialising.
- The Reserve Bank of Australia raised its benchmark cash rate by 0.25 percentage points to 4.6 per cent on Tuesday, marking the fourth increase this year to combat persistent inflation.
- Rising fuel costs from the Middle East conflict prompted the decision, as Reserve Bank officials expressed growing impatience with returning inflation to the 2–3 per cent target range.
- The hike adds more than $90 monthly to repayments on a typical $600,000 mortgage, while AMP chief economist Shane Oliver noted combined rate and petrol costs have increased average household expenses by $530 since January.
- At 4.6 per cent, Australia now holds one of the highest official interest rates among major economies, reaching its highest level in 15 years despite rising unemployment and falling house prices.
- The Bureau of Statistics will release September quarter inflation data on Wednesday, as the Reserve Bank watches for signs of whether these rate increases are successfully curbing sticky inflation or cooling the economy further.
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RBA hikes interest rates amid warning Australia is heading for a ‘human disaster’
Internewscast Internewscast Millions of Australian mortgage borrowers are facing another sharp increase in repayments… This Post: RBA hikes interest rates amid warning Australia is heading for a ‘human disaster’ first appeared on Internewscast
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نُشر هذا المقال أولاً عبر Cedarnews.net. لمتابعة المزيد من الأخبار والتقارير الحصرية، زورونا على موقعنا. Australia news live: Shoebridge doesn’t rule himself out of Greens leadership race; RBA interest rates decision expected Statement by the Monetary Policy. تم نشر هذا الخبر عبر موقع Cedarnews الإخباري. للاطلاع على مزيد من الأخبار العاجلة والتقارير الحصرية، زوروا موقعنا الرسمي.
RBA delivers fourth rate hike of 2026 to 4.60% as inflation pressures
The Reserve Bank of Australia ((RBA)) unanimously raised its cash rate target by 25 basis points to 4.60% at its September 2026 meeting, matching market expectations. The move marks the central bank's fourth rate increase this year, pushing borrowing cost
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