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RBA Lifts Rates 0.25% to 4.6% 15-Year High

By Drooid · Sep 29, 2026, 10:53 AM UTC · How we work

Summary

Story summary

RBA raised benchmark interest rate by 0.25% to 4.6%, a 15-year high.
The hike marks the fourth increase this year, totalling 100 basis points.
RBA cited higher energy prices from the U.S.–Israel war on Iran and AI-driven tech costs as upside risks.
Treasury Minister Jim Chalmers warned the rise will increase hardship and pledged tax cuts and cost-of-living help.
Australia’s economy grew 2.1% in Q2, down from 2.5% in Q1.

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Story summary

RBA raised benchmark interest rate by 0.25% to 4.6%, a 15-year high.
The hike marks the fourth increase this year, totalling 100 basis points.
RBA cited higher energy prices from the U.S.–Israel war on Iran and AI-driven tech costs as upside risks.
Treasury Minister Jim Chalmers warned the rise will increase hardship and pledged tax cuts and cost-of-living help.
Australia’s economy grew 2.1% in Q2, down from 2.5% in Q1.