Monetary policySingle source
Australia raises benchmark rate to 15-year high of 4.6%
The Reserve Bank of Australia raised its benchmark interest rate to 4.6%. The decision came amid stubborn inflation and took the rate to its highest level in 15 years.
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The Reserve Bank of Australia raised its benchmark interest rate to 4.6%, citing stubborn inflation as the backdrop to the decision.
The new rate is the highest in 15 years. The supplied report does not specify the previous rate or when the change takes effect.
The report provides no further explanation of the decision or guidance on future policy.
What we know
- Australia’s central bank lifted the benchmark rate to 4.6%.
- The rate reached its highest level in 15 years.
- The decision came amid stubborn inflation.
Trust: Single source
- The story relies on one publisher. A second independent confirmation has not been established from the cited sources.
- Cited links: 1. Publisher groups: 1. Sources: Al Jazeera English.
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