RBA lifts cash rate to 4.60% as inflation risks build
The Reserve Bank raised its cash rate by 25 basis points on 29 September. It pointed to energy prices, domestic capacity pressure and stronger-than-expected inflation.
Source finding
The Monetary Policy Board unanimously raised the target to 4.60% and said further increases remain possible if needed.
Our analysis
Borrowing costs and the RBA’s assessment of inflation now move together. The decision also frames the housing and labour outlook.
What remains uncertain
The statement does not predetermine the next decision. August CPI, due later today, may change the evidence.