Australia central bank hikes rates to a near 1-year high as Iran war raises inflation risks
Lead On March 17, 2026, the Reserve Bank of Australia (RBA) raised its cash rate by 25 basis points to 4.1%, the highest level since April 2025, citing persistent domestic inflation and heightened global risks. The decision, taken in Sydney, was narrowly approved by a 5-4 vote and follows data showing inflation above the bank’s … Read more