Daily Market Updates: RBA lifts cash rate to 4.6%, highest since 2011

Bonds & Rates

Home›Bonds & Rates›Central Banks›RBA lifts cash rate to 4.6%, highest since 2011

RBA lifts cash rate to 4.6%, highest since 2011

The Reserve Bank of Australia said inflation fears are starting to materialize and it is prepared to raise rates again.

Reported · Written up by our desk · Central Banks

The Reserve Bank of Australia lifted its key cash rate to 4.6%, the highest level since 2011, from 4.35% before Tuesday’s meeting, in a decision described as unanimous by the rate setting board.

HousingWire reports (The Guardian Business, in its market coverage) that the RBA warned of further hikes, saying inflation concerns are beginning to be realized and that it is ready to lift interest rates again.

The RBA pointed to a broadening Middle East conflict and strong AI-related demand as global factors pushing up prices, with the fourth increase to the cash rate this year expected to add to mortgage repayment costs for millions of borrowers.

← Newer storyAdA Underwriters wins approval to set up its own Lloyd’s managing age…Older story →Indian benchmark indexes fall for a second straight session

More like this

Bonds & RatesAustralia raises rates by 25 basis points to 15-year high

Bonds & RatesRBA lifts cash rate 25 bps to 4.60% as inflation risks build

Bonds & RatesRBA raises cash rate target by 25 bps to 4.60%

Bonds & RatesFed Governor Lisa Cook warns inflation pressure could persist

Bonds & RatesRBA expected to raise cash rate again to 4.6%

Sources

Guardian BusinessRBA interest rates: Reserve Bank hikes cash rate to 4.6%, the highest level since 2011

Bonds & Rates

RBA lifts cash rate to 4.6%, highest since 2011

More like this

Sources

Get the close, explained.