14 Hrs
الاقتصادية - CNN
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الاقتصادية

2026-11-03T09:32:00.000Z

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الاقتصادية - CNN

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Rates reach 18-year high

Rates reach 18-year high

The Reserve Bank of Australia raised its interest rate by 25 basis points to 4.85%—its fifth increase since the start of the year—bringing it to its highest level since November 2008. The decision was aimed at tackling persistent inflationary pressures. Six members voted in favor of the increase, while three preferred to leave rates unchanged.

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