✉news BusinessBanking first seen 6 h ago, last 32 min ago, peak #6
Australia lifts interest rates to 15-year high
Original: Australia raises interest rate to highest level in 15 years
Australia's central bank has raised interest rates to their highest level in 15 years, continuing its fight against persistent inflation. The move means higher borrowing costs for mortgages and loans across the country, and marks one of the most aggressive tightening cycles since the global financial crisis. Householders and economists are weighing the impact on household budgets and whether further hikes will follow.
Why now: A 15-year-high interest rate directly affects mortgages, loans and the cost of living for millions of Australians.
AustraliaReserve Bank of Australia
Rank over time, top of the chart is #1. 4 snapshots from 4 h ago to 32 min ago.
Evidence
- Australia raises interest rate to highest level in 15 years · Financial Times
API: https://socialmediatrends-api.osmike.com/v1/trends/320481