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The Reserve Bank of Australia raises its benchmark interest rate by 0.25 percentage points to 4.85%, its

[https://www.france24.com/en/live-news/20261103-australian-central-bank-lifts-key-interest-rate-to-18-year-high (AFP via France 24)]

Published November 3, 2026· Updated November 10, 2026·1 min read
“Oil_prices.webp” via Wikimedia Commons by Wikideas1, CC0
Image: “Oil_prices.webp” via Wikimedia Commons by Wikideas1, CC0. Images shown are not owned by Orubus, Oseen or any of its related companies — all rights remain with the stated owners and licensors.

Context: 2026 Iran war fuel crisis — part of the 2026 Iran war fuel crisis story.

The Reserve Bank of Australia raises its benchmark interest rate by 0.25 percentage points to 4.85%, its highest level since 2008, citing persistent inflation and rising energy costs associated with the Iran war. [https://www.france24.com/en/live-news/20261103-australian-central-bank-lifts-key-interest-rate-to-18-year-high (AFP via France 24)]

Event summary via Wikipedia Current Events (2026-11-03).

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