The Reserve Bank of Australia raised its cash rate to 4.60%, the highest level since 2011, as persistent InflationA broad rise in prices that reduces money’s purchasing power. Central banks watch inflation because it affects interest-rate decisions.Read More pressures continue to influence Monetary PolicyMonetary Policy refers to the set of central-bank actions used to influence money, credit, interest rates, and financial conditions. The term belongs in Level 7 because it helps...Read More. The decision signals continued focus on bringing inflation under control.
The Reserve Bank of Australia raised its cash rate by 25 basis points to 4.60% on September 29, the highest level since 2011 and its fourth increase of 2026. Persistent inflation pressure and elevated energy costs remain central to the policy backdrop.
