Inflation jumps | Big four banks pass on rate hike | Corporate regulator unveils priorities

By SBS News

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Housing was the largest contributor to annual inflation rising to 4% as rents, building material and electricity costs rose in the year to August; Australia's big four banks confirm they'll pass on the 25 basis point official interest rate increase to customers; and ASIC says reviewing how banks use AI in customer facing activities will be one of its priorities this financial year. SBS News is Australia's trusted news source for the latest news from Australia and across the world. Subscribe to the SBS News YouTube channel: https://www.youtube.com/@SBSNews Follow SBS News on Instagram: https://www.instagram.com/sbsnews_au Follow SBS News on TikTok: https://www.tiktok.com/@sbsnews_au Follow SBS News on X: https://www.twitter.com/SBSNews Follow SBS News on Facebook: https://www.facebook.com/sbsnews Apple News: https://trib.al/MTx0gUe For the latest news, visit www.sbs.com.au/news Network Terms & Conditions: https://sbs.com.au/terms Privacy Policy: https://sbs.com.au/privacy Feedback

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