Tuesday, February 3, 2026 at 6:21 AM
The Reserve Bank of Australia raised its policy rate by 25 basis points to 3.85%, marking its first rate hike since November 2023, as inflation continues to rise.
Australians are again bracing for rate pain, as an overheating economy forces the central bank to tighten the policy screws
The Riksbank kept its key policy rate at 1.75%. Policymakers have now held steady for three consecutive meetings.
The Reserve Bank maintained its main repo rate at 6.75% as it weighed steady inflation, low oil prices and a stronger rand against global geopolitical uncertainty.
Different outlooks for inflation are likely to send the banks in different directions this year.
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