Australia Pushes Rates to 15-Year High and Warns It May Go Further

The Reserve Bank of Australia (RBA) raised its cash rate by 25 basis points to 4.6%. The move pushes borrowing costs to their highest level since 2011. The nine-member board backed the decision unanimously, delivering its fourth increase of 2026. Policymakers also kept further tightening on the table if inflation fails to cool. Fuel Costs The post Australia Pushes Rates to 15-Year High and Warns I