03/11/2026
I genuinely feel so angry and frustrated to advise that the RBA has again elected to raise interest rates to combat inflation that Australians can do absolutely nothing about. Well, most Australians can - there's a few at the top who should be doing something and yet are failing to act.
I thought about this a lot as I spent $177 on fuel today, nearly double what I was paying before someone who wasn't an Australian mortgage holder made a decision that we are all paying for. It wasn't my choice to spend this much, it's hardly discretionary. I am not choosing designer fuel - in fact it was a discount servo!
In fairness the RBA has only one blunt tool - it's very much overdue for governmental action - action that does not involve giving away every penny we have or spending it on overpriced conferences.
Please reach out if you have concerns about your home loan
https://www.rba.gov.au/media-releases/2026/mr-26-30.html