Major bank's bleak warning of more rate pain in matter of weeks
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Source: 9News
Published: 2026-05-06 16:53 UTC+10:00
Section: National
Factuality Score: 90
Opinion Category: Neutral
Topics: Middle East, Military & Defence, Australia, Economy & Finance, Business & Economy, War & Conflict
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Snippet:
Two of the big four banks are now predicting a fourth consecutive rate rise to start the year as the Reserve Bank of Australia (RBA) tries to fight rising inflation, caused in part by the war in the Middle East.The RBA yesterday raised the cash rate by 25 basis points to 4.35 per cent for the third time, effectively unwinding last year's round of cuts.Governor Michele Bullock acknowledged that Australians were "feeling poorer" but said the increase was necessary to
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