RBA Raises Rates to 4.85% Even as Oil Slump Weakens Dollar on US-Iran Hopes

Name: RBA Raises Rates to 4.85% Even as Oil Slump Weakens Dollar on US-Iran Hopes
Uploaded: 2026-11-03T20:02:14.268048+00:00
Description: The Reserve Bank of Australia (RBA) raised its cash rate to 4.85% on Nov. 3, 2026, even as crude oil swung sharply on hopes, and doubts, over US-Iran diplomacy. The dollar came under pressure from the oil volatility even as Australia tightened policy further.

The Reserve Bank of Australia (RBA) raised its cash rate to 4.85% on Nov. 3, 2026, even as crude oil swung sharply on hopes, and doubts, over US-Iran diplomacy. The dollar came under pressure from the oil volatility even as Australia tightened policy further.

Read the full story