Reserve Bank of Australia raises cash rate to 4.85%
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Reserve Bank of Australia (RBA), Michelle Bullock
Australia
November 3, 2026
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COMPAMIR Editorial Team
The COMPAMIR editorial team brings together public reporting and links to the original coverage. We update the page as new information emerges.
Read our editorial policy- Earlier version 211/3/2026, 6:10:56 AM
The Reserve Bank of Australia (RBA) raised its benchmark cash rate by 25 basis points to 4.85%, the highest level since 2008. The decision was driven by persistent inflation, which is expected to remain elevated through 2027. Governor Michelle Bullock stated that further hikes may be necessary if inflation risks materialize.
- Earlier version 111/3/2026, 5:01:02 AM
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