The Reserve Bank of Australia has lifted interest rates for the second consecutive month as policymakers confront renewed inflation pressures and rising geopolitical risks.
The central bank raised the official cash rate by 25 basis points to 4.1%, up from 3.85%, in a decision that exposed divisions within its monetary policy board. The vote split 5–4, marking the closest call since the RBA began publishing individual vote tallies earlier this year.
The decision signals that the central bank remains firmly focused on controlling inflation, even as global events complicate the economic outlook.
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