EconomyRBA meets as expected rate decision could take cash rate to 18-year high

The Reserve Bank of Australia is expected to raise rates on Tuesday, its fifth hike this year, potentially lifting the cash rate to 4.85%—an 18-year high. Treasurer Jim Chalmers said Australians were bracing for a “difficult decision” and that a rise would worsen pressure on households. He said more work was needed to tighten the budget regardless of the bank’s independent decision.

Reserve Bank of Australiainterest ratesAustralian economy

TThe Guardian★★★☆☆2026-11-03 01:30Original