EconomyAustralia raises interest rates to 15-year high

The Reserve Bank of Australia raised its benchmark rate by 0.25 percentage points to 4.6%, the highest level since 2011, saying inflation remained elevated and upside risks had materialised. The increase is expected to put further pressure on millions of households through higher mortgage payments.

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AAl Jazeera★★★☆☆2026-09-29 06:29Original