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Media Release Statement by the Monetary Policy Board
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Media Release Statement by the Monetary Policy Board

At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.85 per cent.

While inflation has fallen substantially since its peak in 2022, it picked up materially in the second half of 2025. The Board has been closely monitoring the economy and judges that some of the increase in inflation reflects greater capacity pressures.

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