17/03/2026
Just in: Central bank raises rates!
Cash rate hikes 25 basis points to 4.10%.
Inflation is creeping up again. Though lower than last year's peak, it picked up notably in the second half — capacity pressures building, plus Middle East conflict pushing fuel prices higher.
The vote was 5 to 4. Clearly divided.
Rate hikes curb inflation but risk hurting employment; no hike, and prices keep soaring. Tough call.
Where will prices go from here? We'll see.