Australia’s Central Bank Hits 15-Year High with 4.6% Cash Rate Increase

Australia's central bank raises cash rate to 15-year high of 4.6%, signaling continued inflation control efforts.

September 29, 2026 One Min Read

POLICY WIRE — Sydney, Australia — Australia’s central bank has raised its cash rate to a 15-year high of 4.6%, marking the fourth increase of the year as it seeks to curb rising inflation.

The decision by the Reserve Bank of Australia comes amid ongoing concerns over price pressures driven by global supply chain disruptions and energy costs. The rate was increased by 0.25 percentage points, bringing the target to 4.6% from 4.35%.

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Officials emphasized that further hikes could be necessary if inflation remains elevated, highlighting the central bank’s commitment to maintaining price stability. With this move, Australia now holds one of the highest cash rates among advanced economies.

Reporting by Policy-Wire (PW)

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