Forex

Australia's RBA Hikes Cash Rate to 15-Year High Amid Inflation Concerns

Guavy AI Editorial Team Published September 30, 2026

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AUD

Australia's central bank has raised its cash rate to a 15-year high of 4.60% on Tuesday, marking its fourth hike this year.

The Reserve Bank of Australia (RBA) board voted unanimously to lift rates by 25 basis points, bringing the tightening this year to a full percentage point.

Core inflation is currently running at 3.6%, well above the RBA's target range of 2% to 3%, prompting the bank to take action.

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