SYDNEY, Nov. 3 (Xinhua) -- Australia's central bank on Tuesday raised its key interest rate for the fifth time in 2026 to an 18-year high, citing persistent inflation pressures partly driven by higher ...
The Reserve Bank of Australia has increased the official cash rate to 4.85%, marking the highest level since 2008, intensifying pressure on mortgage holders amid surging inflation.
Australia’s central bank raised interest rates to 4.85%, citing inflation pressures from AI investment and energy costs.
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