RBA Hikes Rates to 4.35%, Signals More Tightening as Inflation Remains Elevated
TL;DR
The Reserve Bank of Australia raised its cash rate to 4.35%, the third consecutive hike, citing persistent inflation and higher fuel costs tied to Middle East tensions, and warned inflation will stay above the 2-3% target for some time, with forecasts implying further tightening into 2026 even as growth outlook softens.
- Australia hikes rates again and warns inflation will stay higher for longer CNBC
- RBA to raise cash rate to 4.35% on May 5 and growing minority of economists expect further rise Reuters
- Australia’s Central Bank Raises Rates for Third Straight Meeting WSJ
- Australia news live: Bullock says ‘we are poorer and there is no way out of it’ after Reserve Bank hikes rates The Guardian
- RBA Delivers Third Straight Hike, Cementing Outlier Status Bloomberg.com
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