Watch FIFA World Cup 2026™

LIVE, FREE and EXCLUSIVE

Interest rates go up... but will it fix inflation?

Reserve Bank Governor Philip Lowe

Reserve Bank Governor Philip Lowe Source: AAP / DAN HIMBRECHTS/AAPIMAGE

The Reserve Bank of Australia has lifted the official cash rate by 50 basis points, the fifth consecutive increase in a row.


Published

By Hannah Kwon, Felicity Davey

Presented by Hannah Kwon

Source: SBS News



Share this with family and friends


The Reserve Bank of Australia has lifted the official cash rate by 50 basis points, the fifth consecutive increase in a row.



Latest podcast episodes

Get SBS News straight to your inbox

Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Watch now

Watch the latest news videos from Australia and across the world