RBA lifts interest rates to highest level since 2011 as inflation persists

The RBA hiked its cash rate by 25 basis points to 4.6%, its fourth increase of 2026. The board said the decision was unanimous and signalled it was prepared to tighten policy further if needed to return inflation to target.Consumer price inflation is currently 3.5%, above the RBA’s 2—3% band. Polic…