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ARCHIVEARCHIVED EVENT BRIEFLAST CHANGED Nov 7, 2026, 5:03 AM
ECONOMY • AUSTRALIA

Australia’s central bank raises its cash rate to 4.85%

8 SOURCES AUSTRALIARESOLVED
HISTORICAL RECORD

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BLUF

The Reserve Bank of Australia raised its cash rate from 4.6% to 4.85%, its fifth increase this year and the highest level since 2008, according to the supplied reports. The reports say the move aims to curb inflation; the bank governor and prime minister have differed over the role of oil prices.

HOW THIS BRIEF WAS MADE 4 outlets: 3 national · 1 international. Automated sourcing and summaries by the BLUF engine. Corrections

Why it matters

Higher rates can raise borrowing costs for Australian households and businesses, including mortgage holders. The supplied reports do not identify a direct U.S. effect; any impact on U.S. markets or trade is not specified.