Cointelegraph November 03, 2026

Australia lifts rates to 18-year high as AI boom, energy costs fuel inflation

Australia lifts rates to 18-year high as AI boom, energy costs fuel inflation

Australia lifts rates to 18-year high as AI boom, energy costs fuel inflation

The Reserve Bank of Australia raised its benchmark rate to 4.85% on rising technology costs from AI investment and higher energy prices.

Source: Cointelegraph
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