Mumbai, Feb. 3 -- The Reserve Bank of Australia raised the cash rate by 25 basis points to 3.85% at its first 2026 meeting, in line with expectations and marking its first hike since November 2023. The move reflects renewed inflation pressures from higher service costs and a tight labor market. The RBA said inflation is likely to remain above its 2-3% target for some time, despite progress over the past year. Future policy decisions will remain cautious and data-dependent, balancing inflation control with economic growth.
Published by HT Digital Content Services with permission from Capital Market....