Australia central bank hikes rates to a near 1-year high as Iran war raises inflation risks

• This comes as Australia’s inflation stays above the central bank’s upper limit of 3%.
• While developments in the Middle East remain highly uncertain, they are likely to add to global and domestic inflation, it said.
• The decision on the hike though, was passed by a narrow majority

Source: https://www.cnbc.com/2026/03/17/australia-central-bank-interest-rates-rise.html