✉news BusinessEconomy first seen 18 h ago, last 23 min ago, peak #2
Australia signals more rate hikes possible after raising rates to 15-year high
Original: Australia says more hikes not off the table after raising rates to 15-year high
Australia's central bank has raised interest rates to their highest level in 15 years, and officials say further increases are not off the table despite the aggressive tightening. The move keeps borrowing costs elevated as policymakers work to bring inflation back to target, and markets are watching closely for whether more hikes will follow in coming months.
Why now: The rate rise to a 15-year high, combined with warnings of further hikes, raises fresh concerns about mortgages, borrowing costs and inflation in Australia.
AustraliaReserve Bank of Australia
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