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

T2Covered by 1 source · first reported by Cointelegraph at 03 Nov, 04:14 UTC

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

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Sources

• T2Australia lifts rates to 18-year high as AI boom, energy costs fuel inflationCointelegraph03 Nov, 04:14