Australia's Central Bank Raises Rates to 4.35% Amid Persistent Inflation
Australia's Reserve Bank of Australia (RBA) raised its policy rate to 4.35%, the highest since December 2024, due to persistent inflation. The decision aligns with expectations and follows strong economic growth and rising inflation data, which suggest continued policy tightening. The RBA emphasized that future rate decisions will depend on incoming economic data.
Topics: central bank policy economic growth inflation interest rates RBA