Australia raises benchmark rates to 15-year high as it fights sticky inflation
- Posted on September 29, 2026
- By CNBC
- 1 Views
- 1 min read
In brief
Australia's central bank implements a significant monetary policy tightening by raising its benchmark interest rate to the highest level in 15 years, marking a 25 basis point increase. This decisive action reflects the Reserve Bank's commitment to combating persistent inflationary pressures affecting the economy. The decision aligns with market expectations and signals continued efforts to stabilize price growth through restrictive monetary measures in the coming months.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
Australia raises benchmark rates to 15-year high as it fights sticky inflation
The hike of 25 basis points was in line with expectations by economists polled by Reuters.
