Statement by the Monetary Policy Board: Monetary Policy Decision
The RBA raised its cash rate by 25 basis points to 4.60% and left the door open to further increases.
TL;DR
- The Reserve Bank of Australia raised its cash rate target by 25 basis points to 4.60% on 29 September.
- The RBA said inflation remained elevated and pointed to higher global energy prices and AI-related demand for technology goods.
- CNBC and Investing.com reported the decision and its currency-market context; neither report offers investment guidance.
The RBA’s statement says the Monetary Policy Board increased the cash rate target by 25 basis points to 4.60%, citing elevated inflation and materialising upside risks. [1]
The central bank also pointed to higher global energy prices and AI-related demand pushing up technology-goods prices. CNBC reports the rate is at a 15-year high and that further increases remain possible. [1] [2]
Investing.com reported the Australian dollar’s reaction after the decision. That is a market response at the time of reporting, not a forecast. [3]
Why it matters
The rate move links domestic inflation pressures with global energy and technology demand, while changing the near-term monetary backdrop.
Editor's note
This is a policy and market report, not personal financial advice; the currency reaction is time-sensitive.