economy Sydney, Australia
RBA lifts cash rate to 4.6% as consumer confidence plunges
4increases
The RBA was expected to make its fourth cash-rate increase in 2026.
The RBA lifted its cash rate target by 0.25 percentage points to 4.6% on September 29, the highest since late 2011. Consumer confidence then fell sharply, with the post-decision index reaching its lowest level since the late 1990s.
- Michele Bullock
- Reserve Bank of Australia
- Sydney
- Australia
- Commonwealth Bank
- National Australia Bank
- Matt Comyn
13 sourcesabc.net.au, The Guardian, Al JazeeraUpdated
Claims
Support what holds up. Dispute what doesn't.
- False
Major banks and most money-market traders expect the Reserve Bank of Australia to raise interest rates at its next meeting.
1 of 6 sources“The majority of analysts surveyed by Bloomberg expect the RBA to be done with hikes for the rest of the year.”
- Falseabc.net.au
- TrueThe Guardian
- Trueabc.net.au
- TrueThe Guardian
- TrueThe Guardian
- Trueabc.net.au