Michele Bullock says more interest rate rises may be needed after the third interest rate hike in 2026 bringing the offical cash rate to 4.35%.
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The RBA governor says rate hikes to date won’t be able to stop fuel prices from driving up inflation and are instead aimed at cutting spending to stop broader prices from rising after the oil price spike ends
RBA interest rates: Reserve Bank hikes official cash rate to 4.35% in blow to mortgage holders ► https://www.theguardian.com/australia-news/2026/may/05/rba-interest-rate-decision-reserve-bank-australia-rates-inflation
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