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The Reserve Bank has hiked rates again
Reserve Bank of Australia Governor Michele Bullock addresses media in Sydney, Tuesday, March 17, 2026. The Reserve Bank has lifted the benchmark borrowing rate to 4.1 percent as the war in the Middle East fuels fears of oil shortages and runaway inflation. (AAP Image/Dan Himbrechts) NO ARCHIVING Source: AAP / Dan Himbrechts
The Reserve Bank of Australia ((RBA)) has raised interest rates for the second month in a row, as war in the Middle East compounds inflation concerns. In a split five-four decision, the central bank's monetary policy board lifted the cash rate by 25 basis points to 4.1 per cent, following a hike of the same size in February.
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