Australia's central bank raises interest rates to 4.60 percent

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By Sophia Thomas • Updated Sep 29, 2026 at 09:55

Statement by the Monetary Policy Board: Monetary Policy Decision | Media Releases - rba.gov.au — Australia's central bank raises interest rates to 4.60 percent

The Reserve Bank of Australia declared it raised the official cash rate to 4.60 percent on September 29, 2026. This is the latest rate hike in 2026, following a review of current economic trends. The decision seeks to manage inflation. The rate hike will impact home loans and may impact consumer loan costs. The Monetary Policy Board stated that sustained policy adjustments are needed to meet the inflation target.

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