[The Reserve Bank of Australia raises interest rates by 25 basis points as scheduled, warning that oil prices and AI demand will push up the risk of inflation] On September 29, the Reserve Bank of Australia’s Monetary Policy Committee decided at today’s meeting to raise the cash rate target by 25 basis points to 4.60%. The Reserve Bank of Australia said inflation remains high and some of the upside risks raised at the August meeting are emerging. The scope of conflicts in the Middle East has expanded, and global energy prices are now significantly higher than the levels assumed in the RBA's August forecast. Artificial intelligence (AI)-related demand is driving global technology product prices to rise rapidly. In addition, pressure on domestic economic production capacity still exists.