Business

Australia Central Bank Raises Interest Rates

Updated 2026-05-05 04:45 UTC 1 source Neutral

The Reserve Bank of Australia raised interest rates to their highest level since 2024 in response to elevated inflation and rising fuel and commodity prices due to conflicts in the Middle East.

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CNBC

Australia central bank raises rates to highest since 2024 as inflation stays elevated

Inflation had picked up materially in the second half of 2025, and the conflict in the Middle East had resulted in sharply higher fuel and commodity prices.

2026-05-05 04:39 UTC