The Reserve Bank of Australia raised its policy rate by 25 basis points to 4.6% on Sept. 29, according to BlockBeats. The move matched market expectations. Following the increase, Australia’s interest rate reached its highest level since November 2011. The report did not provide further policy details or additional commentary beyond the rate decision and its alignment with expectations. This latest move places the benchmark at a near 15-year high based on the timeframe cited in the report.
On Sept. 29, the Reserve Bank of Australia lifted interest rates by 25 basis points, taking them to 4.6%, BlockBeats reported.
No surprise there. The move matched market expectations, and it pushed the rate to its highest point since November 2011.
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