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Business • 2026-11-03, 10:51 GMT • ~1 min read

Australia lifts rates to 18-year high of 4.85%

Australia lifts rates to 18-year high of 4.85%

Australia lifts rates to 18-year high of 4.85%

Australia lifts rates to 18-year high of 4.85%

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Australia's central bank has raised its cash rate by 25 basis points to 4.85%, its highest level in 18 years and its fifth increase of 2026.
The board voted 6-3 for the rise, with three members preferring to hold rates steady.
The bank said it would keep doing what is needed to bring inflation back to target, but it dropped a reference to further rises, a signal that markets read as pointing to a pause at the next meeting.

Australia's central bank has raised its cash rate by 25 basis points to 4.85%, its highest level in 18 years and its fifth increase of 2026.
The board voted 6-3 for the rise, with three members preferring to hold rates steady.
The bank said it would keep doing what is needed to bring inflation back to target, but it dropped a reference to further rises, a signal that markets read as pointing to a pause at the next meeting.

Australia's central bank has raised its cash rate by 25 basis points to 4.85%, its highest level in 18 years and its fifth increase of 2026.
The board voted 6-3 for the rise, with three members preferring to hold rates steady.
The bank said it would keep doing what is needed to bring inflation back to target, but it dropped a reference to further rises, a signal that markets read as pointing to a pause at the next meeting.

Australia's central bank has raised its cash rate by 25 basis points to 4.85%, its highest level in 18 years and its fifth increase of 2026. The board voted 6-3 for the rise, with three members preferring to hold rates steady. The bank said it would keep doing what is needed to bring inflation back to target, but it dropped a reference to further rises, a signal that markets read as pointing to a pause at the next meeting. Inflation remains well above the bank's 2 to 3 percent target.

Australia's central bank has raised its cash rate by 25 basis points to 4.85%, its highest level in 18 years and its fifth increase of 2026. The board voted 6-3 for the rise, with three members preferring to hold rates steady. The bank said it would keep doing what is needed to bring inflation back to target, but it dropped a reference to further rises, a signal that markets read as pointing to a pause at the next meeting. Inflation remains well above the bank's 2 to 3 percent target.

Australia's central bank has raised its cash rate by 25 basis points to 4.85%, its highest level in 18 years and its fifth increase of 2026. The board voted 6-3 for the rise, with three members preferring to hold rates steady. The bank said it would keep doing what is needed to bring inflation back to target, but it dropped a reference to further rises, a signal that markets read as pointing to a pause at the next meeting. Inflation remains well above the bank's 2 to 3 percent target.

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