Treasurer Jim Chalmers address the House of Representatives at Parliament House in Canberra, Australia on March 10, 2026. Hilary Wardhaugh/Getty Images
The Reserve Bank of Australia (RBA) has raised interest rates for the second consecutive month, citing mounting inflation risks amplified by escalating conflict in the Middle East.
In a narrow five–four decision on March 17, the central bank’s monetary policy board raised the cash rate by 25 basis points to 4.1 percent, after a similar increase in February.
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