Australia’s central bank raised rates as inflation risks increased

• 

  Australia’s central bank raised its key interest rate two weeks before its October 13 report.

• 

  The Reserve Bank of Australia said upside risks to inflation were coming to pass.

• 

  It said waiting to raise rates could prove costly.

• 

  The bank said the outlook would be heavily influenced by the ongoing conflict in the Middle East.

Who

Australia’s central bank, the Reserve Bank of Australia.

What

It raised its key interest rate, citing increasing upside risks to inflation.

When

Two weeks before the article was published on October 13, 2026.

Where

Australia.

Why

Upside risks to inflation were coming to pass, and waiting could prove costly.

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