The Reserve Bank of Australia raised its cash rate by 25 basis points to 4.6% on Tuesday in a unanimous decision, citing Middle East energy disruption and AI-driven technology price pressures as the main drivers of persistent inflation.
Tag: RBA
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Australia Holds Rates at 4.35% as Bullock Warns Middle East Risk Could Force Further Hikes
The Reserve Bank of Australia kept its cash rate unchanged at 4.35% in a unanimous August 11 decision, but governor Michele Bullock explicitly left the door open to further increases.