RBA raises rates for a fifth time this year as inflation stays high
The cash rate rises to 4.85%, its highest in 18 years, on a six-three vote. The RBA now sees inflation above its target band until late 2027.
Markets
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Markets
RBA raises rates for a fifth time this year as inflation stays high
The cash rate rises to 4.85%, its highest in 18 years, on a six-three vote. The RBA now sees inflation above its target band until late 2027.