{
  "id": 10610482,
  "title": "Australia’s central bank raises cash rate to 15-year peak",
  "url": "https://urgent.news/2026/09/29/australias-central-bank-raises-cash-rate-to-15-year-peak",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T04:59:19.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/banking-finance/australias-central-bank-raises-cash-rate-15-year-peak"
  },
  "original_language": "en",
  "account": "Australia's central bank, the Reserve Bank of Australia, increased its cash rate to a record high of 4.6% on Tuesday (Sep 29), the fourth hike of the year. The bank decided to raise rates by 25 basis points during its September policy meeting, bringing the total tightening this year to 1%. The decision comes as core inflation reached 3.6%, surpassing the Reserve Bank's target range of 2% to 3%. The bank expressed concern over materializing upside risks to inflation, citing high energy costs and weak productivity in Australia. Financial markets anticipate at least one more rate hike in the future.",
  "summary": "Core inflation was running at 3.6%, above RBA’s target range of 2% to 3%",
  "key_points": [
    "Reserve Bank of Australia raises cash rate to 4.6%, record high",
    "Fourth rate hike in 2023, total tightening 1%",
    "Core inflation at 3.6%, above target range of 2-3%"
  ],
  "editors_take": "The rate hike indicates the Reserve Bank of Australia prioritizes combating inflation over economic growth, as it raises concerns over upside risks to inflation and weak productivity.",
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Australia’s central bank lifts rates to 15-year high, signals risk of further hikes",
        "url": "https://urgent.news/2026/09/29/australias-central-bank-lifts-rates-to-15-year-high-signals-risk-of",
        "published": "2026-09-29T04:59:19.000Z"
      },
      {
        "outlet": "RTHK News - Finance",
        "title": "Australia raises key interest rate to 15-year high",
        "url": "https://urgent.news/2026/09/29/australia-raises-key-interest-rate-to-15-year-high",
        "published": "2026-09-29T05:07:37.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Australia’s central bank raises cash rate to 15-year peak",
        "url": "https://urgent.news/2026/09/29/australias-central-bank-raises-cash-rate-to-15-year-peak-10616557",
        "published": "2026-09-29T05:18:48.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Australia’s central bank lifts rates to 15-year high, signals risk of further hikes",
        "url": "https://urgent.news/2026/09/29/australias-central-bank-lifts-rates-to-15-year-high-signals-risk-of-10621461",
        "published": "2026-09-29T05:36:00.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Australia's central bank lifts rates to 15-year high, signals risk of further hikes",
        "url": "https://urgent.news/2026/09/29/australias-central-bank-lifts-rates-to-15-year-high-signals-risk-of-10622911",
        "published": "2026-09-29T06:08:45.000Z"
      },
      {
        "outlet": "Al Jazeera",
        "title": "Australia raises interest rates to 15-year high",
        "url": "https://urgent.news/2026/09/29/australia-raises-interest-rates-to-15-year-high",
        "published": "2026-09-29T06:29:01.000Z"
      }
    ]
  },
  "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."
}