03/11/2026
Unfortunately the Reserve Bank have determined the only way to get inflation under control is to keep raising the interest rates for mortgage holders. Seemingly the rest of the population do not contribute in any way to inflation. Those pesky mortgage holders who have endured 18 rate rises in the last 5 years and represent 30-35% of the population have just got to stop spending on frivolous things such as food and petrol. The logic just isn't there.
The RBA has raised the official cash rate to an 18-year high of 4.85 per cent, as the central bank grapples with out-of-control inflation.
Read more on our markets blog: https://www.afr.com/markets/equity-markets/asx-to-rise-oil-plunges-anthropic-commits-to-1-3trn-spending-20261103-p61ar0?post=p5bebh&utm_content=feed&utm_term=afr_social_eds&utm_medium=social&utm_campaign=afr&utm_source=Facebook =1793676796