◆ Mixed
Listen free
RBA hikes rates to 4.85% for fifth time in 2026, highest since 2008
What happened
The Reserve Bank of Australia raised its cash rate for the fifth time in 2026, from 4.60% to 4.85% — the highest level since 2008. Following the announcement the Australian dollar weakened against the U.S. dollar, extending its losing streak to a third consecutive session.
Why it matters & what’s next are part of Pro, along with the audio summary.
Start your free 14-day trialWho’s affected
- Australian equities and banks; the Australian dollar, which weakened after the decision (AUD/USD extended its losing streak to a third session)
- Global rate-sensitive assets (growth/tech, long-duration bonds) via the message that inflation is not uniformly tamed and central banks are still tightening somewhere
- Commodity and FX-exposed U.S. multinationals through the dollar's reaction
Sources