Business
Australia's central bank raises rates to 15-year high
September 29, 2026 at 07:27 AM · Updated 17d ago
Coverage
5 reports · 2 in Arabic, 3 in English · over 6 hours
AJAl Jazeera Arabic
أستراليا ترفع الفائدة لأعلى مستوى منذ 15 عاما
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TGThe Guardian
Danger zone: why war in the Middle East has landed the RBA’s inflation fight in tricky territory
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AJAl Jazeera English
Australia raises interest rates to 15-year high
(opens the publisher’s site)SNSky News Arabia
المركزي الأسترالي يرفع الفائدة لأعلى مستوى في 15 عاماً
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TGThe Guardian
RBA interest rates: Reserve Bank hikes cash rate to 4.6%, the highest level since 2011
(opens the publisher’s site)The Reserve Bank of Australia lifted its benchmark rate by 0.25 percent to 4.6 percent on Tuesday, its highest since 2011.
- The RBA raised the cash rate by 25 basis points to 4.6 percent, its fourth increase this year.
- The central bank said inflation remained elevated, citing higher energy prices from the US war on Iran and AI-driven tech costs.
- Treasurer Jim Chalmers said the hike would worsen hardship for Australians and blamed the US war on Iran, not government spending, for inflation.
- RBA Governor Michele Bullock warned workers and businesses could lift prices and wage demands amid persistent high inflation.
- RBA Governor Michele Bullock said the Middle East conflict was the biggest risk to the bank's inflation fight, which officials initially expected to be short-lived.
- Data released on May 3 showed Australia's annual inflation climbed to 4.6 percent in the year to March, its highest level since 2023.