# ‘Sharper, longer slowdown’ predicted as Australia faces fifth rate hike

https://mins.news/en/item/125049

- The Guardian, 2026-11-02 06:57 UTC
- Economy
- Original: https://www.theguardian.com/australia-news/2026/nov/02/australia-economy-fifth-interest-rate-hike-looms

> Major bank economists warn Australia is headed for a “sharper, longer slowdown” as the Reserve Bank is widely expected to raise rates for a fifth time on Tuesday. Higher oil prices amid the Middle East conflict, falling house prices and rising unemployment risks are worsening concerns about recession.