‼️ BREAKING: Australia’s central bank lifted its benchmark rate by 25 basis points to 4.60%, a 15-year high, as it intensifies its fight against sticky inflation. The move—widely expected—marks the RBA’s fourth hike this year, taking cumulative tightening to 100 basis points. Inflation remains above the RBA’s 2%–3% target band: headline CPI was 3.5% in July after reaching 4.6% in March. Markets now turn to Wednesday’s August inflation release for clues on whether further tightening will be needed.
