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BusinessQuiet 9d · day 15

RBA raises cash rate to 4.85%, highest since 2008, as inflation fight drags on

Australia's central bank lifted rates by 0.25 percentage points for the fifth time this year, but acknowledged inflation will linger longer than expected.

newest coverage 8d agosummary written 8d ago56 pieces25 likes & upvotes NewswiresMastodonGoogle NewsBlueskyReddit

What to know

  • RBA raised the cash rate to 4.85%—the highest since late 2008—in a 6-3 board vote, marking the fifth increase in 2026.
  • The central bank now expects inflation to stay elevated throughout 2027 and not return to its 3% threshold until late 2027, about three quarters behind previous forecasts.
  • Unemployment is projected to rise more than expected, with the December 2028 average forecast at 5.1% versus 4.8% estimated in August, signaling economic slowdown ahead.
  • The RBA warned that businesses increasingly view 3–3.5% inflation as normal and cited Middle East conflict and global oil disruptions as risks to the outlook.

“It takes between 12 and 18 months for a change in interest rates to flow completely through the economy, so we will not know what total impact this rate hike will have on economic activity until 2028.”

ABC Australia · ABC Australia ↗

Reserve Bank of Australia (RBA) Central bank setting monetary policyAndrew Hauser RBA deputy governor

RBA raises cash rate to 4.85%, highest since 2008, as inflation fight drags on
theconversation.com

How it unfolded 1 development · click the chart to see its coverage articlesposts

Peak 35 pieces in 4h at Nov 2, 9 PM; 56 pieces over 15 days (44 articles · 10 posts · 2 comments) Oct 27, 10 PM — 2 pieces · 1 article · 1 post — Mastodon 1, Newswires 1Oct 28, 2 AM — quietOct 28, 6 AM — quietOct 28, 10 AM — quietOct 28, 2 PM — quietOct 28, 6 PM — quietOct 28, 10 PM — 1 piece · 1 article — Google News 1Oct 29, 2 AM — quietOct 29, 6 AM — quietOct 29, 10 AM — quietOct 29, 2 PM — quietOct 29, 6 PM — quietOct 29, 10 PM — quietOct 30, 2 AM — quietOct 30, 6 AM — quietOct 30, 10 AM — quietOct 30, 2 PM — quietOct 30, 6 PM — quietOct 30, 10 PM — quietOct 31, 2 AM — quietOct 31, 6 AM — quietOct 31, 10 AM — quietOct 31, 2 PM — quietOct 31, 6 PM — quietOct 31, 10 PM — quietNov 1, 1 AM — quietNov 1, 5 AM — quietNov 1, 9 AM — quietNov 1, 1 PM — 1 piece · 1 article — Newswires 1Nov 1, 5 PM — quietNov 1, 9 PM — quietNov 2, 1 AM — 1 piece · 1 article — Google News 1Nov 2, 5 AM — quietNov 2, 9 AM — 1 piece · 1 article — Google News 1Nov 2, 1 PM — 3 pieces · 3 articles — Google News 2, Newswires 1Nov 2, 5 PM — 3 pieces · 3 articles — Google News 2, Newswires 1Nov 2, 9 PM — 35 pieces · 28 articles · 7 posts — Google News 18, Newswires 10, Mastodon 5, +2 moreNov 3, 1 AM — 7 pieces · 4 articles · 1 post · 2 comments — Google News 3, Reddit 2, Newswires 1, +1 moreNov 3, 5 AM — 1 piece · 1 article — Newswires 1Nov 3, 9 AM — quietNov 3, 1 PM — quietNov 3, 5 PM — 1 piece · 1 post — Reddit 1Nov 3, 9 PM — quietNov 4, 1 AM — quietNov 4, 5 AM — quietNov 4, 9 AM — quietNov 4, 1 PM — quietNov 4, 5 PM — quietNov 4, 9 PM — quietNov 5, 1 AM — quietNov 5, 5 AM — quietNov 5, 9 AM — quietNov 5, 1 PM — quietNov 5, 5 PM — quietNov 5, 9 PM — quietNov 6, 1 AM — quietNov 6, 5 AM — quietNov 6, 9 AM — quietNov 6, 1 PM — quietNov 6, 5 PM — quietNov 6, 9 PM — quietNov 7, 1 AM — quietNov 7, 5 AM — quietNov 7, 9 AM — quietNov 7, 1 PM — quietNov 7, 5 PM — quietNov 7, 9 PM — quietNov 8, 1 AM — quietNov 8, 5 AM — quietNov 8, 9 AM — quietNov 8, 1 PM — quietNov 8, 5 PM — quietNov 8, 9 PM — quietNov 9, 1 AM — quietNov 9, 5 AM — quietNov 9, 9 AM — quietNov 9, 1 PM — quietNov 9, 5 PM — quietNov 9, 9 PM — quietYesterday, 1 AM — quietYesterday, 5 AM — quietYesterday, 9 AM — quietYesterday, 1 PM — quietYesterday, 5 PM — quietYesterday, 9 PM — quietToday, 1 AM — quietToday, 5 AM — quietToday, 9 AM — quietToday, 1 PM — quietToday, 5 PM — quiet 1
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  1. 1

    RBA cites inflation expectations risk; warns on Middle East disruptions

    The RBA highlighted growing risk that businesses view 3–3.5 percent inflation as the new normal and warned of heightened uncertainties including unresolved Middle East conflict and global oil supply disruptions maintaining upward pressure on energy prices.

    “There is an increasing share of businesses who are thinking that maybe 3 to 3.5 per cent is the new normal [for inflation].”
    — Andrew Hauser, RBA deputy governor
    1. 9 outlets RBA hikes interest rates to an 18-year high, warning inflation will hurt for another year

      first by The Conversation, 8d ago · also Sydney Morning Herald, The Guardian, Firstpost, Seeking Alpha, Anadolu Agency, The Courier Mail +2

      8 more headlines
    2. 7 outlets Breaking: RBA lifts interest rates to highest level in 18 years to try to dampen inflation

      first by ABC Australia, 8d ago · also FT, WSJ, Real Estate, Australian Broadcasting Corporation, ABC News & Headlines – Australian Broadcasting Corporation, Independent UK

      6 more headlines
    1 more claim →
    • news.abc.net.au

      RBA lifts interest rates to highest level in 18 years to try to dampen inflation

      news.abc.net.auBluesky8d ago25▲view on Bluesky ↗
    2 more of the top 3 · 5 posts in this stretch
    • GeoWire@mastodon.social

      ⚡ NEWS RBA Hikes Interest Rates to 18-Year High The Reserve Bank of Australia raised the cash rate to 4.85%, an 18-year high, marking the fifth increase this year. The central bank warned that inflation will persist for another year, impacting economic stability and borrowing costs across the nation. 📰 https:// theconversation.com/rba-hikes-…

      GeoWire@mastodon.socialMastodon8d agoview on Mastodon ↗

    • Is your assumption is that these oligopolies care if consumers can pay for things? They (mostly) sell inelastic goods, consumers will literally have to over extend or take on debt to pay for these things if not from their free cashflow, and if unit prices increase and the result is slightly less units moved, the companies still win. Small…

      c4meronr/Economics8d agoview on r/Economics ↗
    all of them →
  2. background

    RBA extends inflation timeline; unemployment forecast worsens — The RBA board revised inflation forecasts upward, now expecting inflation to remain high throughout 2027 and not fall below 3 percent until late 2027—about three quarters later than previously forecast. Unemployment projections also deteriorated, with the December 2028 average now forecast at 5.1 percent versus 4.8 percent in August.

  3. background

    RBA raises cash rate to 4.85%, highest in 18 years — The Reserve Bank's monetary policy board voted 6-3 to increase the cash rate target by 0.25 percentage points to 4.85 percent, from 4.60 percent. This is the fifth rate increase in 2026 and the highest cash rate since late 2008.

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