According to CoinMeta, the Reserve Bank of Australia (RBA) raised interest rates by 25 basis points to 4.85% on Tuesday with a vote of 6 to 3, marking the highest level since 2008 and the fifth rate hike in 2026. Three members opposed the increase, and the central bank did not explicitly signal further policy tightening, indicating divisions among policymakers regarding subsequent rate hikes. The RBA significantly raised its inflation forecasts, expecting the overall inflation rate to peak at 4.5% in the fourth quarter, with both overall inflation and trimmed mean inflation rates remaining above 3% until the end of 2027, about three quarters later than previously predicted. Inflation is not expected to fall back to the target midpoint of 2.5% until mid-2028, mainly due to conflicts in the Middle East driving up fuel and commodity prices, as well as domestic production capacity pressures exceeding previous expectations. Related demand is also pushing up the prices of high-tech products. AI