Tuesday, 3 November 2026

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RBA interest rates: Bullock says ‘some pain now’ will prevent worse pain later as Reserve Bank hikes rates for fifth time

Reserve Bank of Australia increases official cash rate to 4.85%, bringing it to highest level since 2008RBA interest rates live updates: Reserve Bank cash rate decisionGet our daily political email, free app or daily news podcastThe Reserve Bank governor Michele Bullock has said that “some pain now will prevent even worse pain down the track,” after lifting official interest rates…

Reserve Bank of Australia increases official cash rate to 4.85%, bringing it to highest level since 2008RBA interest rates live updates: Reserve Bank cash rate decisionGet our daily political email, free app or daily news podcastThe Reserve Bank governor Michele Bullock has said that “some pain now will prevent even worse pain down the track,” after lifting official interest rates…

Read the full story on Business | The Guardian

Source: Business | The Guardian

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