Reserve Bank of Australia raises rates for third consecutive meeting, lifting them to early-2025 levels
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The Reserve Bank has delivered a third straight interest rate hike, as it seeks to head off the inflationary threat from higher fuel prices linked to the ongoing US-Israel war on Iran.
A week out from what the treasurer, Jim Chalmers, is simultaneously calling his most ambitious and responsible budget yet, the widely anticipated decision to increase the cash rate to 4.35% from 4.1% comes amid growing worries about the economic fallout from the Middle East conflict.
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Source link : https://www.theguardian.com/australia-news/2026/may/05/rba-interest-rate-decision-reserve-bank-australia-rates-inflation
Author : Patrick Commins and Luca Ittimani
Publish date : 2026-05-05 04:31:00
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