✉news BusinessBanking first seen 8 h ago, last 9 min ago, peak #1

RBA Set to Resume Raising Interest Rates on Stubborn Inflation

Original: RBA Set to Resume Raising Key Rate as Patience on Prices Erodes

Australia's central bank is expected to resume lifting its key interest rate, with policymakers losing patience over persistent price pressures. Bloomberg reports the Reserve Bank of Australia is set to return to rate hikes after a pause, as inflation remains above target. Markets and economists are watching for confirmation at the next board meeting and what it signals for borrowing costs.

Why now: Expectations of a fresh Reserve Bank of Australia rate hike are moving markets and affecting mortgage holders.

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• RBA Set to Resume Raising Key Rate as Patience on Prices Erodes · Bloomberg

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