The story so far · 4 days, October 27 to November 4, 2026

Australia's central bank raises rate to 4.85%

One Turn followed this story across 4 editions, from Canberra, Australia on October 27, 2026. Newest first.

Energy costs rose with the Iran war.

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Day by day

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

Every installment

Wednesday, November 4, 2026 · Day 4 · Economy · Sydney, Australia

Australia's central bank raises rate to 4.85%

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.

Sources: AFP via France 24 via Wikipedia · See it on the globe

Tuesday, November 3, 2026 · Day 3 · Economy · Sydney, Australia

Reserve Bank of Australia raises rates to 4.85%

The RBA raised its benchmark rate by 0.25 points to 4.85%, the highest since 2008. It cited persistent inflation and higher energy costs linked to the Iran war.

Why it matters: Higher rates raise mortgage costs for Australian households.

Sources: AFP via France 24 via Wikipedia · See it on the globe

Monday, November 2, 2026 · Day 2 · Economy · Sydney, Australia

Australia's central bank expected to raise rates Tuesday

The Reserve Bank is expected to lift rates to an 18-year high. It would be the fifth hike this year.

Why it matters: Borrowers face higher loan costs.

Sources: The Guardian · See it on the globe

Tuesday, October 27, 2026 · Day 1 · Economy · Canberra, Australia

Australia inflation rises to 4.3%

Australia's inflation rate rose to 4.3%. The Reserve Bank decides next week, and a fifth hike this year is feared.

Why it matters: Higher rates raise mortgage costs.

Sources: The Guardian, The Guardian · See it on the globe

Where

Australia