Australia Raises Cash Rate by 25Bps to 3.85%

EthereumCraftsman · 2026-02-03T03:35:18+00:00

The Reserve Bank of Australia increased the cash rate to 3.85%, the first rise since November 2023, amid growing cost pressures. The board noted that inflation is expected to stay above target and will closely monitor economic data for future decisions.

EthereumCraftsman

2026-02-03 03:35:18

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The Reserve Bank of Australia raised the cash rate by 25bps to 3.85% at its first policy meeting of 2026, in line with expectations. The move marked the first rate increase since November 2023, as cost pressures have intensified since H2 2025. The board assessed that inflation is likely to remain above target for some time and said it will remain attentive to incoming data, as well as its evolving assessment of the economic outlook and associated risks, in guiding future policy decisions.

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