Australia's central bank unexpectedly raised its benchmark interest rate by a quarter-point on Tuesday.
The monetary board of the Reserve Bank of Australia decided to hike the cash rate target by 25 basis points to 3.85 percent. Markets widely expected the apex bank to leave the rate unchanged today.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.