RBA Hikes Rates to 15-Year High as Governor Bullock Outlines Policy Outlook
The Reserve Bank of Australia has lifted its policy rate to the highest level in 15 years. Governor Michele Bullock followed the decision with a speech framing the policy outlook, stressing that Middle East tensions and the AI investment boom have kept inflation sticky and leaving the door open to further hikes. The move is among the clearest tightening signals from a major central bank this week and highlights a global monetary backdrop in which inflation has become more synchronised across regions, pushing policy paths further apart.