{"id":589802,"date":"2026-08-11T09:54:20","date_gmt":"2026-08-11T09:54:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/589802\/"},"modified":"2026-08-11T09:54:20","modified_gmt":"2026-08-11T09:54:20","slug":"australian-central-bank-warns-it-may-need-to-raise-rates","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/589802\/","title":{"rendered":"Australian central bank warns it may need to raise rates"},"content":{"rendered":"<p>Australia&#8217;s central bank held its cash rate steady at 4.35% \u2060as expected overnight, saying the economy was slowing in the face of tighter financial conditions, while warning that it might have to hike rates again.<\/p>\n<p>Wrapping up its August \u200cpolicy meeting, \u2060the Reserve Bank of Australia board said it would do what was necessary to bring inflation back to its 2% to 3% target band, \u200cincluding increasing the cash rate target further if upside \u2060risks materialise.<\/p>\n<p>The bank had already \u200craised rates by 75 basis points since February \u2060as \u200cit struggled to contain stubborn inflationary pressures in the face of surging energy costs.<\/p>\n<p>Markets had \u2060wagered on a steady outcome given inflation \u2060data had come in under forecasts in the second quarter, while the housing market had weakened more than policy makers had expected.<\/p>\n","protected":false},"excerpt":{"rendered":"Australia&#8217;s central bank held its cash rate steady at 4.35% \u2060as expected overnight, saying the economy was slowing&hellip;\n","protected":false},"author":2,"featured_media":589803,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-589802","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/589802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=589802"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/589802\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/589803"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=589802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=589802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=589802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}