Jim Chalmers
Australian politician (born 1978)
Photo: myPolice Logan, CC BY 4.0 (Wikimedia Commons, cropped)
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- 2h ago
Australia's central bank lifts cash rate to 4.85%, highest since 2008, in fifth hike of 2026
The Reserve Bank of Australia voted 6-3 on Tuesday, 3 November, to raise its cash rate by 25 basis points. Inflation is now expected to stay above target until late 2027, and more than 3.3 million households with home loans face higher repayments.
- Sep 30
Reserve Bank of Australia raises cash rate to 15-year high of 4.60%
The Reserve Bank of Australia voted unanimously to raise its key interest rate by 25 basis points on Tuesday, executing its fourth increase of 2026 as core inflation reached 3.6%.