RBA Lifts Cash Rate to 4.85%
By Sophia Rodrigues
Published On 03 Nov 2026 , 03:34 PMThe Reserve Bank of Australia raised the cash rate by 25bps to 4.85%, taking it to a new cycle peak and the highest rate since 2008.
The decision was taken by a majority 6-3 vote.
The RBA said it will continue to do what it considers necessary to bring inflation sustainably back to target, but omitted the phrase "including increasing the cash rate target further if needed.
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