RBA Raises Cash Rate Target to 4.6% Amid Inflation Concerns

The Reserve Bank of Australia (RBA) raised its cash rate target to 4.6% on September 29, 2026, in response to rising energy costs and resilient domestic demand that may exacerbate inflationary pressures.

This marks the highest level in nearly 15 years, with the RBA Governor scheduled to address the media later.

The increase is part of a larger trend among central banks globally, including those in Europe, the US, and Japan, which are grappling with price pressures stemming from geopolitical tensions and rising energy costs.