RBA thinks inflation is hurting households more than interest rates: economist | ABC NEWS
Community Score: 50% | 31.7K views | 2w
0 community ratings: null thumbs up, null thumbs down
The RBA has raised the cash rate from 4.35% to 4.6% in a widely expected move, bringing rates to their highest level since October 2011. Chief economist at EY Oceania, Cherelle Murphy, says this fourth interest rate increase will be tough on many households, but the Reserve Bank believes high inflation is a bigger problem right now. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-09-29/asx-markets-business-news-live-updates-tuesday-29-september/107206212 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia
Tags: Australia, abc, abc news, news, rba, interet rates, 4.6, breaking news, rba decision, Cherelle Murphy, EY, mortage, cost of living, inflation, markets, cash rate, interest rates, reserve bank, michele bullock, middle east
More from ABC News (Australia)
- The biggest market sell-off since 'Liberation Day' | The Business | ABC NEWS — Score: 50%
- Designer Katie Perry wins trademark case against pop star | ABC NEWS — Score: 50%
- A look around the NT as residents deal with flooding emergency | ABC NEWS — Score: 50%
- Bundaberg homes inundated after Burnett River peaks | ABC News — Score: 50%
- Reindeer races in Finland draw international crowds | The World | ABC NEWS — Score: 50%
- Grave fears for Iranian footballers after Australia asylum saga | The World | ABC News — Score: 50%