The Reserve Bank of Australia delivered a third straight interest-rate hike, unwinding all of last year’s reductions.
Michele Bullock, governor of the Reserve Bank of Australia (RBA), during a news conference at the central bank's head office in Sydney, Australia, on Tuesday, May 5, 2026. Australia’s central bank raised its key interest rate for a third consecutive meeting, underscoring its determination to tame stubbornly strong inflation and cementing its outlier status among global counterparts. Photographer: Brendon Thorne/Bloomberg
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