RBA Lifts Interest Rates to 4.35 Percent Amid Renewed Inflation Pressures

Australia NewsThe RBA flagged the Middle East conflict as a key contributor to inflationary pressures, with higher fuel costs already flowing through the economy.Mark Us Preferred on GoogleA pedestrian moves past the Reserve Bank of Australia (RBA) building in Sydney, Australia, on Oct. 18, 2022. Lisa Maree Williams/Getty ImagesMonica O’Shea5/5/2026|Updated: 5/5/20260:00The Reserve Bank of Australia (RBA) has increased the official cash rate by 25 basis points to 4.35 percent following its board meeting on May 5.This marks the third rate rise in 2026, following increases in February and March.