Australia Raises Interest Rate to 4.85%, Highest Since 2008, as Inflation Forecast Extends Into 2027
The Reserve Bank of Australia has raised its benchmark interest rate by 25 basis points to 4.85%, its highest level since November 2008, as persistent inflation and rising costs linked to energy, commodities and artificial intelligence investment force policymakers to maintain a restrictive monetary stance. The increase, announced on Tuesday, was in line with expectations […]
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