Finance3 Nov 2026
Reserve Bank of Australia Lifts Cash Rate to 4.85 Percent, Reaching Highest Level Since 2008
The Reserve Bank of Australia raised its benchmark cash rate by 25 basis points to 4.85 percent, marking an 18-year high in its fifth monetary tightening move this year. Facing stubborn domestic cost pressures, volatile Middle East energy disruptions, and elevated AI infrastructure spending, policymakers pushed back their inflation target timeline to late 2027. The split decision heaps further financial pressure on heavily leveraged Australian households as housing values soften and economic growth slows.
By NeuraFeed