Australia lifts rates to 18-year high as AI boom, energy costs fuel inflation

The Reserve Bank of Australia raised its benchmark rate to 4.85% on rising technology costs from AI investment and higher energy prices.
Source: Australia lifts rates to 18-year high as AI boom, energy costs fuel inflation (https://cointelegraph.com/markets/australia-lifts-rates-as-ai-boom-energy-costs-fuel-inflation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)