RBA Hikes Cash Rate to 4.85%: Highest in 18 Years Amid Inflation
The Reserve Bank of Australia raises the official cash rate by 25 basis points to 4.85% on Melbourne Cup Day 2026, pushing borrowing costs to an 18-year high.
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View all topicsThe Reserve Bank of Australia raises the official cash rate by 25 basis points to 4.85% on Melbourne Cup Day 2026, pushing borrowing costs to an 18-year high.
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