05-May-2026
Economy News
 
Australia's Central Bank Ramps up Inflation Fight With Third Rate Hike This Year
05-May-2026

Australia's central bank lifted ?rates ?for a third time this year on ?Tuesday, returning borrowing costs to post-pandemic highs and warning that inflation would remain sticky as the conflict ?in the Middle East unleashed a global oil shock.

News Source:- https://money.usnews.com/investing/news/articles/2026-05-05/australia-central-bank-hikes-rates-for-third-time-this-year-in-battle-with-inflation