Australia’s Central Bank Raises Interest Rate to 15-Year High
Automated summary•29 September 2026 at 05:09
Australia’s central bank raised its key interest rate to 4.60% on Tuesday morning, taking borrowing costs to their highest level in 15 years.
The decision marked the bank’s fourth rate increase this year as it continues its effort to bring inflation under control.
The bank said inflation remained far too high, underscoring the price pressures behind its latest move to tighten monetary policy.
It also signalled that it was prepared to tighten policy further if necessary, leaving the door open to additional rate increases.
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