Forex

RBA Hikes Cash Rate to 15-Year High Amid Criticism of Chalmers

Guavy AI Editorial Team Published September 29, 2026

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AUD

The Reserve Bank of Australia (RBA) has increased the cash rate to 4.60%, the highest in 15 years, sparking criticism from economists and politicians alike.

RBA governor Michele Bullock acknowledged the concerns of mortgage holders who 'feel that they are carrying the burden' after the interest rate hike.

Economists have turned their ire on Treasurer Jim Chalmers, rather than targeting the RBA directly, as inflation runs rampant.

The Wire

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