Macro Finance
Australia hikes rates to 18-year high to fight inflation
CNBC Economy·November 3, 2026·1 min read
The Reserve Bank of Australia raised its benchmark interest rate to an 18-year high on Tuesday, its fifth increase this year, in a bid to curb inflation. The move matched economist expectations polled by Reuters. The RBA signaled further hikes may be needed if price pressures persist, citing resilient domestic demand.
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