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Australia central bank raises rates to highest since 2024 as inflation stays elevated
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Australia central bank raises rates to highest since 2024 as inflation stays elevated

CNBC·Lim Hui Jie·28 days ago
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Michele Bullock, governor of the Reserve Bank of Australia (RBA), attends a news conference at the bank's head office in Sydney, Australia, on Tuesday, Dec. 9, 2025. Australia's central bank kept its key interest rate unchanged for a third straight meeting in a widely expected decision, while reiterating that future moves will hinge on incoming economic data. Photographer: Brendon Thorne/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Australia's central bank on Tuesday raised its policy rate to 4.35%, its highest level since December 2024, amid elevated inflation. The move by the Reserve Bank of Australia was in line with expectations in a Reuters poll of economists and marked the third consecutive rate increase. Eight members of the RBA's board voted for the rate hike, while one member voted to hold rates at 4.1%.…

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