Australia lifts rates to 18-year high as AI boom, energy costs fuel inflation
AI summary
The Reserve Bank of Australia raised its benchmark rate to 4.85%, an 18-year high, citing rising technology costs from AI investment and higher energy prices. Higher rates tighten liquidity and raise the cost of capital, which typically pressures risk assets including crypto. Traders should watch for broader risk-off sentiment in Australian markets and any spillover into global liquidity conditions.
