Australia hikes rate; inflation worsens
7m
Australia’s Reserve Bank unanimously raised its cash rate to 4.6%, its highest since 2011, warning inflation pressures were worsening and further increases remained possible.
Central banks can't reopen the Strait of Hormuz by forcing mortgagees + renters to pay more interest/rent.
When you only have a hammer, everything looks like a nail. Reserve Bank of Australia is currently clobbering the poorest even more, worsening the cost of living.
www.ft.com/content/5c1d...
When you only have a hammer, everything looks like a nail. Reserve Bank of Australia is currently clobbering the poorest even more, worsening the cost of living.
www.ft.com/content/5c1d...
Australia raises interest rate to highest level in 15 years
RBA governor says Iran war has ‘made people poorer’ as central bank seeks to tackle persistent inflation
www.ft.com
September 29, 2026 at 9:48 AM
Central banks can't reopen the Strait of Hormuz by forcing mortgagees + renters to pay more interest/rent.
When you only have a hammer, everything looks like a nail. Reserve Bank of Australia is currently clobbering the poorest even more, worsening the cost of living.
www.ft.com/content/5c1d...
When you only have a hammer, everything looks like a nail. Reserve Bank of Australia is currently clobbering the poorest even more, worsening the cost of living.
www.ft.com/content/5c1d...