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RBA interest rates: governor Michele Bullock explains decision to lift cash rate to 4.6% – video

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The Reserve Bank of Australia has raised its key interest rate to 4.6%, its highest level since 2011. RBA governor Michele Bullock says the global AI boom has 'driven significant price rises' and is contributing to demand in the Australian economy.

In a statement accompanying the RBA's rate setting board's unanimous decision, it warned its fears about inflation are beginning to be realised and it is ready to lift interest rates again RBA interest rates: Reserve Bank hikes cash rate to 4.6%, the highest level since 2011

Read the original report at The Guardian.

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Sources and context

The Guardian

Source headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-09-29. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.

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Monetary Policy

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