Australian News Today
RBA Hikes Cash Rate to 4.85% Inflation Surge Australia 2026
Key Points Sydney (Australia News Today) November 03, 2026 – The Reserve Bank of Australia has raised its benchmark cash rate target by 25 basis points to 4.85 per cent, pushing official borrowing costs to an 18-year high following a majority vote by its Monetary Policy Board. The central bank cited persistent broad-based price pressures driven by a combination of…
