CNBC (November 2)
2026/ 11/ 03 by jd in Global News
The Reserve Bank of Australia (RBA) “raised its benchmark cash rate by 25 basis points to 4.85% on Tuesday, the highest level since November 2008.” The RBA’s move was anticipated as “as the country continues to grapple with high inflation, with the consumer price index rising 4.3% in September, up from 4% in August.” The RBA is navigating a difficult course as it tries “to bring inflation back under control while higher borrowing costs and cost-of-living pressures weigh on households and activity.”Tags: 2008, 25 BPS, 4.85%, Benchmark, Borrowing costs, Cash rate, Cost-of-living, CPI, Grapple, Highest, Households, Inflation, RBA
