World
Australia's RBA Lifts Cash Rate to 4.6% Amid Inflation Concerns; UK Mortgage Approvals Fall (Sep 29, 2026)
The Reserve Bank of Australia (RBA) has raised its key interest rate to 4.6%, its highest level since 2011, citing persistent inflation and warning of further hikes [3, 5]. Concurrently, the UK housing market shows signs of cooling, with mortgage approvals falling to their lowest point since December 2023 due to rising borrowing costs [1]. These developments highlight ongoing global economic adjustments to inflationary pressures and tighter monetary policies.