Mmastodon BusinessEconomy first seen 3 d ago, last 3 d ago, peak #11
RBA raises interest rates to 18-year high to fight inflation
Original: Breaking: RBA lifts interest rates to highest level in 18 years to try to dampen inflation By Gareth Hutchens RBA lifts
The Reserve Bank of Australia has lifted interest rates to their highest level in 18 years, in a majority decision by the RBA board, in a bid to dampen inflation. The rate rise was widely reported and shared on news feeds, drawing attention from households and businesses facing higher borrowing costs.
Why now: The rate rise directly affects Australian mortgages and living costs, making it a major economic news story
Reserve Bank of AustraliaGareth HutchensABC NewsAustralia
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- Breaking: RBA lifts interest rates to highest level in 18 years to try to dampen inflation By Gareth Hutchens RBA lifts interest rates to highest level in 18 years, in majority decision by RBA board. https://www. abc.net.au/news/2026-11-03/rba… · abcfeeds@rssfeed.media · 1
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