To avoid another rate rise, things might have to get worse

September 29, 2026 — 7:40pm

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From the time Reserve Bank deputy governor Andrew Hauser appeared on the ABC’s 7.30 program three weeks ago, it was clear an interest rate hike was coming.

“We have one big problem and that’s inflation,” was one of the first things Hauser told the national television audience.

Since then, Reserve Bank officials have used multiple public appearances and even podcast interviews to repeat the message.

After the rate increase was announced, a poised Reserve Bank governor Michele Bullock spent nearly an hour ramming home a similar message at the traditional press conference that follows each interest rate decision.

“I know this decision is difficult for households with a mortgage and businesses with loans, but high inflation hurts all Australians, especially the most vulnerable,” she said.

RBA governor warns there could be further rate hikes, even if it tips Australia into........

© The Sydney Morning Herald