{
  "id": 10608621,
  "title": "Breaking: RBA lifts rates to highest level in 15 years",
  "url": "https://urgent.news/2026/09/29/breaking-rba-lifts-rates-to-highest-level-in-15-years",
  "topic": "world",
  "section": "World",
  "published": "2026-09-29T04:31:39.000Z",
  "source": {
    "name": "ABC News AU",
    "slug": "abc-news-au",
    "url": "https://www.abc.net.au/news/2026-09-29/rba-lifts-rates-highest-level-in-15-years-september-2026/107206640"
  },
  "original_language": "en",
  "account": "The Reserve Bank's Monetary Policy Board raised interest rates by 0.25 percentage points on Friday, lifting the cash rate target to 4.60 per cent. This marks the highest level since late 2011. The decision reflects growing frustration among senior officials with the delayed progress in bringing inflation back down to the RBA's 2-3 per cent target range. Currently, headline inflation stands at 3.5 per cent annually, while core inflation is at 3.6 per cent. The central bank aims for average inflation around 2.5 per cent over the medium term. Recent geopolitical tensions in the Middle East and rising oil prices have also contributed to inflation pressures.",
  "summary": "The Reserve Bank increases interest rates to 4.6 per cent in its fourth rate rise this year.",
  "key_points": [
    "RBA raises rates by 0.25% to 4.60%",
    "Highest level since late 2011",
    "Inflation above 3.5% annually"
  ],
  "editors_take": "The rate hike indicates the RBA is prioritising inflation control over economic growth, signalling a shift towards a more restrictive monetary policy stance to bring inflation back within its target range.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Conversation AU",
        "title": "RBA lifts rates to highest level in 15 years – risking a sharper slowdown of the economy",
        "url": "https://urgent.news/2026/09/29/rba-lifts-rates-to-highest-level-in-15-years-risking-a-sharper",
        "published": "2026-09-29T06:17:25.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}