Australia raises key interest rate for third consecutive meeting

The key interest rate was raised by 0.25 percentage points to 4.35 percent.

The Australian dollar oscillated up and down after the rate decision, as the market struggled to determine whether there could be more rate hikes this year. However, most analysts believe the central bank is now taking a break from raising rates.

Since the summer of 2025, inflation in Australia has increased from 2.70 percent to 3.50 percent in March, according to the country's statistics bureau.