Financial News: Australia Raises Key Interest Rate By 25 Bps

Australia Raises Key Interest Rate By 25 Bps

11/02/2026 - 23:57:00 (RTTNews)

(RTTNews) - The Reserve Bank of Australia raised its benchmark interest rate for the fifth time this year to bring inflation back to the target.

The board, governed by Michele Bullock, voted 6-3 to lift the cash rate target by 25 basis points to 4.85 percent on Wednesday, as widely expected.

The bank has raised its key rate by 125 basis points so far this year.

"Given the revised inflation outlook and the continuing upside risks, the Board judged that a further tightening in financial conditions is warranted to support the return of inflation to target," the bank said in a statement.

The bank expects inflation to remain above 3 percent for the coming year and noted that there is an increasing risk that higher inflation expectations will become embedded.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Australia Raises Key Interest Rate By 25 Bps (16 min(s), 23 sec(s) ago)
(RTTNews) - The Reserve Bank of Australia raised its benchmark interest rate for the fifth time th ...Full Story»

Australia Rate Decision On Tap For Tuesday (52 min(s), 23 sec(s) ago)
(RTTNews) - The Reserve Bank of Australia will wrap up its monetary policy meeting and then announ ...Full Story»

New Zealand Building Consents Sink 7.9% In September (11 min(s), 23 sec(s) ago)
(RTTNews) - The total number of building permits issued in New Zealand was down a seasonally adjus ...Full Story»

U.S. Construction Spending Unexpectedly Pulls Back Sharply In September (11 min(s), 23 sec(s) ago)
(RTTNews) - Construction spending in the U.S. unexpectedly pulled back sharply in the month of Sep ...Full Story»

U.S. Manufacturing Index Increases More Than Expected In October (06 min(s), 23 sec(s) ago)
(RTTNews) - The Institute for Supply Management released a report on Monday showing its reading on ...Full Story»

Greece Factory Growth Sustains In October (37 min(s), 23 sec(s) ago)
(RTTNews) - Greece's manufacturing sector logged a further improvement in operating conditions ...Full Story»

Poland Manufacturing Activity Stabilizes In October (38 min(s), 23 sec(s) ago)
(RTTNews) - Poland's manufacturing conditions remained stable in October, ending a period of d ...Full Story»

Turkish Manufacturing Downturn Deepens In October (35 min(s), 23 sec(s) ago)
(RTTNews) - The manufacturing activity in Turkey deteriorated at the fastest pace in four months i ...Full Story»