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Australia hikes rates again and warns inflation will stay higher for longer
Australia's central bank on Tuesday raised its policy rate to 4.35%, matching its December 2024 peak, as inflation remains elevated. The move by the Reserve Bank of Australia was in line with expectations in a Reuters poll of economists and marked its third consecutive rate increase. Eight members of the board voted for the hike, while one voted to hold rates at 4.1%. In its statement, the RBA said inflation had picked up materially in the second half of 2025, with conflict in the Middle East pushing up fuel and commodity prices. "As expected, developments in the Middle East are having an impact on inflation. ... (full story)
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From @LiveSquawk|May 5, 2026RBA Gov Bullock: Rate Increases Will Help Contain Inflationary Shock - If Second Rounf Effects Feed Through To Expectations, Could Require Even Higher Rates - Cash Rate Is Now A Bit Restrictive, Gives Us Space To See How Conflict Fares According to RBA Governor Bullock, the board feels it is in a position to manage risks in either direction. Just in | RBA Governor Bullock: Rising Oil Prices Intensify Inflation-Growth Dilemma Just in | RBA Governor Bullock warns that costs are expected to rise throughout the year, despite potential swift conflict resolution.
From rba.gov.au|May 4, 2026Prior to the conflict in the Middle East, inflation in Australia was materially above target, and the economy and labour market were operating with ongoing capacity pressures. GDP ...
From rba.gov.au|May 4, 2026|20 commentsAt its meeting today, the Board decided to increase the cash rate target by 25 basis points to 4.35 per cent. Inflation picked up materially in the second half of 2025, and ...
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