The Reserve Bank of Australia has hiked interest rates for the fifth time this year, from 4.6% to 4.85%, in a bid to regain control of surging inflation amid the ongoing global oil shock triggered by the war in the Middle East. Subscribe to Guardian Australia on YouTube and hit the bell to see new videos ► http://bit.ly/gdnaustraliasubs
The RBA’s cash rate has now reached its highest level since 2008. Back-to-back hikes will heap more pain on more than 3.3m households with home loans and turn the screws on a federal government under pressure for its economic management
RBA interest rates live updates ► https://www.theguardian.com/australia-news/live/2026/nov/03/rba-interest-rates-meeting-today-latest-news-australia-reserve-bank-cash-rate-announcement-decision-live-updates?CMP=gdnaus_yt
Reserve Bank hikes cash rate for fifth time this year in blow to mortgage holders ► https://www.theguardian.com/australia-news/2026/nov/03/rba-interest-rates-decision-cash-rate-november-reserve-bank-australia?CMP=gdnaus_yt
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