EconomyAustralia news live: Chalmers defends record as RBA’s cash rate decision looms

Treasurer Jim Chalmers has defended his economic record ahead of an expected fourth interest rate rise in 2026. The Reserve Bank is poised to lift the cash rate from 4.35% to 4.6%, potentially pushing typical mortgage rates to 6.5%. Chalmers said persistent inflation was worsened by overseas decisions and that the Iran war had imposed a heavy cost on Australian families.

Australia economyinterest ratesinflationmortgages

TThe Guardian★★★☆☆2026-09-28 20:39Original