RBA lifts interest rates for fifth time this year

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RBA lifts interest rates for fifth time this year. (2026, November 3). The Sydney Morning Herald. https://www.smh.com.au/national/rba-lifts-interest-rates-for-fifth-time-this-year-20261103-p61b12.html?ref=rss&utm_medium=rss&utm_source=rss_feed

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The Sydney Morning Herald · collected 2026-11-03

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On November 3, 2026, the Reserve Bank of Australia (RBA) increased interest rates from 4.60% to 4.85%, marking an 18-year high and the fifth hike this year. The decision aims to combat inflation, which has risen above the RBA's target band of 2-3%. Despite Prime Minister Anthony Albanese calling interest rates a "blunt instrument," Governor Michele Bullock defended the move as necessary to prevent more severe economic consequences. However, economists warn that further hikes could push Australia into recession and exacerbate financial stress for households, particularly in New South Wales (NSW), where mortgage repayments are already among the highest nationally.

Written for “RBA Lifts Interest Rates For Fifth Time This Year” on 2026-11-04, grounded in this article and the 19 other(s) covering the same event.

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📰 RBA Lifts Interest Rates For Fifth Time This Year

Economy/Business · 20 article(s) covering the same event. See how they differ ↓

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“Article A reports on expectations of an interest rate hike, while Article B confirms that the RBA has already lifted interest rates for the fifth time this year.”

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