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2 November 2026

Has government spending added to inflation? These charts tell the story

Downunder Voices Newsroom

Source reporting: abc.net.au

Has government spending added to inflation? These charts tell the story

The Reserve Bank is tipped to increase interest rates tomorrow because of an ongoing concern that inflation is not under control. But is there an alternative?

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Source: Guardian Australia Politics

2 November 2026

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Australia’s central bank expected to hit mortgage holders again on Tuesday, as war in Middle East combines with collapsing house prices Australia’s economy is set for a “sharper, longer slowdown”, major bank economists say, as the Reserve Bank is forced to keep interest rates higher to rid the nation of persistent inflationary pressures. The RBA is widely expected to hit mortgage holders with a fifth rate hike on Tuesday, in a move that will push the cash rate to its highest since 2008 amid rising worries the economy could even be tipped into recession.

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