Economy · Sydney, Australia · November 4, 2026

Australia's central bank raises rate to 4.85%

Reported by 1 outlet · under-reported · first reported Nov 2, 7:00 PM ET

The Reserve Bank raised its rate by 0.25 points, the highest since 2008. It cited inflation and energy costs.

Why it matters

Mortgage payments rise for Australian borrowers.

Background

Energy costs rose with the Iran war.

The story so far

1. Oct 27Australia inflation rises to 4.3%
2. Nov 2Australia's central bank expected to raise rates Tuesday
3. Nov 3Reserve Bank of Australia raises rates to 4.85%
4. Nov 4Australia's central bank raises rate to 4.85%

Follow the whole story →

Sources

• AFP via France 24 via Wikipedia ↗November 3, 2026

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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