RBA lifts rates to 4.1% as inflation risk from Iran war persists
TL;DR Summary
Australia's central bank hiked the cash rate by 25 basis points to 4.1%, the highest since April 2025, citing inflation staying above target and upside risks from the Iran war, with a tight labor market and solid growth underpinning the decision which passed 5-4.
- Australia central bank hikes rates to a near 1-year high as Iran war raises inflation risks CNBC
- Aussie dollar eases as RBA hikes rate; currencies drift on war uncertainty Reuters
- Australia Delivers First Back-to-Back Rate Hikes Since Mid-2023 Bloomberg.com
- Australia news live: fresh blow to mortgage holders as RBA hikes official interest rate to 4.1% in second consecutive increase The Guardian
- Reserve Bank of Australia Needs to Cease Equivocating About Inflation Risks WSJ
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