Sydney, Nov 3, 2026 (AFP) - Australian central bank lifts key interest rate to 18-year high

NAMPA / AFP

2026-11-03

Australia's central bank raised its key interest rate to a 18-year high on Tuesday, citing the prolonged war in the Middle East and persistent inflationary pressures. In a statement, the Reserve Bank of Australia said it would lift its cash rate by 25 basis points to 4.85 percent. "Inflation remains elevated," it said. "This partly reflects higher fuel and other commodity prices affected by the conflict in the Middle East." "AI-related investment......

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