The Reserve Bank of Australia has raised its key interest rate to 4.6%, its highest level since 2011. RBA governor Michele Bullock says the global AI boom has 'driven significant price rises' and is contributing to demand in the Australian economy. In a statement accompanying the RBA's rate setting board's unanimous decision, it warned its fears about inflation are beginning to be realised and it is ready to lift interest rates again
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RBA interest rates: governor Michele Bullock explains decision to lift cash rate to 4.6% – video
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CitrixNews Staff
Originally reported by The Guardian. Read the full story at the original source.
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