Business

Australia Hikes Interest Rates to Combat Inflation

Updated 2026-09-29 04:40 UTC 1 source Neutral

The Reserve Bank of Australia increased its benchmark interest rate by 25 basis points, reaching a 15-year high. This move aims to address persistent inflation concerns.

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CNBC
The hike of 25 basis points was in line with expectations by economists polled by Reuters.
2026-09-29 04:32 UTC
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