Watch FIFA World Cup 2026™

LIVE, FREE and EXCLUSIVE starting June 12 2026

Watch

RBA rises interest rates, warning of higher inflation amid the war in the Middle East

Published
Millions of Australian home owners are bracing for higher mortgage repayments after the Reserve Bank announced another interest rate hike. The RBA's Governor delivered a blunt assessment about the potential for higher inflation, combined with the war, in the Middle East to plunge the nation into recession.
Tags
Australia
Middle East
Share

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