✉news BusinessEconomy first seen 10 h ago, last 58 min ago, peak #2

Australia signals more rate hikes after lifting rates to 15-year high

Original: Australia says more hikes not off the table after raising rates to 15-year high

Australia's central bank has raised interest rates to their highest level in 15 years and warned that further increases are not off the table as it battles persistent inflation. The decision means borrowers face yet more pressure on mortgages and loans, and economists are now watching whether additional tightening will follow in coming months.

Why now: Markets and households are reacting to the central bank signalling that the rate-hiking cycle may not be over.

Reserve Bank of AustraliaAustralia

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Evidence

• Australia says more hikes not off the table after raising rates to 15-year high · CNBC

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