Report: RBA interest rates: governor Michele Bullock explains decision to lift cash rate to 4.6% – video

The Guardian — Business has covered a development concerning “Report: RBA interest rates: governor Michele Bullock explains decision to lift cash rate to 4.6% – video,” with the available account limited to the facts included in the supplied text.

The Reserve Bank of Australia has raised its key interest rate to 4.6%, its highest level since 2011. The report also notes that RBA governor Michele Bullock states the global AI boom has 'driven significant price rises' and is contributing to demand in the Australian economy. In a statement accompanying the RBA's rate setting board's unanimous decision, it raised concerns about its fears about inflation are beginning to be realised and it is ready to lift interest rates again RBA interest rates: Reserve Bank hikes cash rate to 4.6%, the highest level since 2011

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