Daily Market Updates: Australia lifts rates to 18-year high as AI boom, energy costs fuel inflation

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At close · Sat, Oct 31, 2026

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Australia lifts rates to 18-year high as AI boom, energy costs fuel inflation

Reported · Written up by our desk · Bitcoin

The Reserve Bank of Australia raised its benchmark rate to 4.85% on rising technology costs from AI investment and higher energy prices.

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Sources

CointelegraphAustralia lifts rates to 18-year high as AI boom, energy costs fuel inflation

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