India, Sept. 29 -- The Reserve Bank of Australia (RBA) has raised its cash rate by 25 basis points to 4.60%, marking the fourth interest rate increase in 2026. The latest decision takes Australia's benchmark interest rate to its highest level in around 15 years as the central bank continues to tackle persistent inflation.

RBA Raises Cash Rate to 4.60%

The RBA increased the cash rate target from 4.35% to 4.60% on September 29. The 25-basis-point increase was unanimously approved by the central bank's Monetary Policy Board.

The latest move brings the total increase in Australia's cash rate during 2026 to 100 basis points, or one percentage point. The RBA had previously raised rates three times this year before keeping the rate unchanged ...