The Reserve Bank of Australia raised its cash rate by 25 basis points (0.25%) to 4.85%, its highest since November 2008 and the fifth hike this year. The move aims to curb inflation, with September CPI rising 4.3%, and the RBA expects inflation to stay above the 2-3% target until late 2027. Governor Michelle Bullock called inflation 'too high', mainly due to oil prices amid Middle East conflict and AI investment pushing up tech-related prices, and said rates would rise further if needed. She dismissed recession as the likely scenario, as Q2 GDP grew 2.1% year on year, down from 2.5% previously. The US and Canada raised rates for the first time in over 3 years, while the BOJ lifted its rate to a 31-year high in September.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Australia tăng lãi suất lên cao nhất 18 năm
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interest ratesinflationRBAAustraliaoil prices
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Related tickers and likely impact
AUD/USD
▲ Likely positiveRelevance: high
| Market | Currencies |
|---|---|
| Close on 11/02/2026 | 0.69982 |
| Change that session | -0.48% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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