RBA interest rates: governor Michele Bullock explains decision to lift cash rate to 4.85% – video
The Reserve Bank of Australia has hiked interest rates for the fifth time this year, from 4.6% to 4.85%, in a bid to regain control of surging inflation amid the ongoing global oil shock triggered by the war in the Middle East. The RBA’s cash rate has now reached its highest level since 2008.
Back-to-back hikes will heap more pain on more than 3.3m households with home loans and turn the screws on a federal government under pressure for its economic management RBA interest rates updates live RBA interest rates: Reserve Bank hikes cash rate for fifth time this year in blow to mortgage holders
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The GuardianSource headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-11-03. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.