The Reserve Bank of Australia raised its key interest rates for the second consecutive time on Tuesday, bringing them to a high not seen since April 2025 at 4.1%. The decision comes amid persistent inflation. This is the central bank's response to rising prices in the country's economy. Experts had anticipated such a move, given the current macroeconomic situation. Earlier this year, the bank had already raised rates to curb inflation. The new decision may affect the cost of loans for both individuals and businesses.
