✉news BusinessBanking first seen 3 h ago, last 1 h ago, peak #1
Australia's central bank lifts rates to 15-year high
Original: Australia's central bank raises cash rate to 15-year peak
The Reserve Bank of Australia has raised the cash rate to its highest level in 15 years, continuing its campaign to curb stubborn inflation. The move increases borrowing costs for Australian households and businesses, and analysts are watching whether further hikes will follow as policymakers balance price pressures against slowing economic growth.
Why now: The rate rise affects mortgages, loans and savings across Australia, making it a top story for households and markets.
Reserve Bank of AustraliaAustralia
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