Australia has announced an increase in interest rates, coinciding with a pivotal week for central banks globally.
This decision comes as disruptions in oil supply have heightened worries about inflation and its potential effects on the economy.
As central banks around the world consider similar measures, the implications of these rate hikes could be far-reaching.
Updates
Update at 15:15 UTC on 2026-04-30
Yahoo Finance reported Big central banks say rate hikes are getting closer.
Sources: Yahoo Finance