{
  "id": 10632307,
  "title": "Australia's central bank raises cash rate to 15-year high",
  "url": "https://urgent.news/2026/09/29/australias-central-bank-raises-cash-rate-to-15-year-high",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T06:30:00.000Z",
  "source": {
    "name": "Gulf Times Business",
    "slug": "gulf-times-business",
    "url": "https://www.gulf-times.com/article/734397/business/australias-central-bank-raises-cash-rate-to-15-year-high"
  },
  "original_language": "en",
  "account": "The Reserve Bank of Australia (RBA) has increased its cash rate target by 25 basis points to 4.6%, the highest level in 15 years. The decision is aimed at curbing persistent inflationary pressures, with the central bank targeting inflation to stay within the 2-3% range. This marks the RBA's fourth rate hike this year, resulting in a total increase of one percentage point in borrowing costs for 2026. Despite the rate hike, inflation remains at 3.6%, above the central bank's target. The higher borrowing costs will be particularly challenging for households with large mortgages. On the positive side, savers with high-interest deposit accounts may see increased returns if banks pass on the RBA's rate increase by raising deposit rates.",
  "summary": "The Reserve Bank of Australia (RBA) raised its cash rate target by 25 basis points to 4.6% from 4.35%, taking borrowing costs to their highest level in 15 years as the central bank steps up efforts to...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "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",
        "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"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Australia’s central bank lifts rates to 15-year high",
        "url": "https://urgent.news/2026/09/29/australias-central-bank-lifts-rates-to-15-year-high",
        "published": "2026-09-29T07:38:12.000Z"
      }
    ]
  },
  "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."
}