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Inflation rises: Is a Melbourne Cup Day rate hike next?

SBS News Australia •
October 28, 2026 • 07:24 AM
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Australia's inflation rate has climbed to 4.3 per cent, raising the prospect of another RBA rate rise. What does it mean for interest rates and investors?

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Australia's annual inflation has risen to 4.3 per cent, fuelling speculation about another RBA rate rise on Melbourne Cup Day. Economist Warren Hogan examines what's driving price pressures, while portfolio manager Jun Bei Lui discusses the market reaction, renewed confidence in AI and Star Entertainment's $260 million fine.

SBS On the Money is a daily finance podcast where SBS Finance Editor Ricardo Gonçalves unpacks the ASX, the economy and the latest market moves with leading analysts and executives.

Listen to more episodes of SBS On the Money , and follow the show on the SBS Audio app , Apple Podcasts , Spotify or wherever you get your podcasts.

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Same Story from Other Publications

Compare how 6 other independent news outlets reported on this story.

6 Publications
The Australian Financial Review (AFR)
2d ago
A weak Australian dollar starts to threaten RBA’s inflation fight

A weak Australian dollar starts to threaten RBA’s inflation fight

The lowest Aussie in seven months could lead to more expensive imports, stoking further price rises to make the central bank’s job harder.

#rba #inflation
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The Guardian
2d ago
Bank of England’s inflation response ‘risks higher interest rates for longer’

Bank of England’s inflation response ‘risks higher interest rates for longer’

Thinktank Niesr says timid rate rise last week likely to make inflation more persistent feature of UK economy

#interest-rates #inflation
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CNN International
3d ago
Bond yields surge most in 19 months as traders brace for Fed rate hikes | CNN Business

Bond yields surge most in 19 months as traders brace for Fed rate hikes | CNN Business

US Treasuries slumped, pushing yields sharply higher, after hotter-than-expected inflation data and comments from a key Federal Reserve official fueled bets that the central bank would need to deliver more aggressive interest rate hikes to cool inflation.

#interest-rates #inflation #hike
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CNBC World
2d ago
Fed's Goolsbee calls inflation report 'borderline disturbing' as central bank weighs more hikes

Fed's Goolsbee calls inflation report 'borderline disturbing' as central bank weighs more hikes

The consumer price index rose more than expected in October, raising alarm among Federal Reserve officials.

#inflation #hike
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The Age
2d ago
Trump’s Fed nightmare: Rates won’t be slashed. They could surge now

Trump’s Fed nightmare: Rates won’t be slashed. They could surge now

The US president’s demands for falling interest rates are going to be ignored when the Federal Reserve responds to last month’s hotter-than-expected inflation rate.

#interest-rates #inflation
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ABC News Australia
1h ago
Melbourne's 'liveable city' reputation questioned after fatal stabbing

Melbourne's 'liveable city' reputation questioned after fatal stabbing

The death of a Chinese delivery rider has fuelled debate on Chinese social media about whether Melbourne deserves its reputation as one of the world's most liveable cities.

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