Trending
Prev Story
Next Story

This is the RBA’s cruellest rate hike. Australia is becoming K-shaped

The Australian Financial Review (AFR) •
November 03, 2026 • 06:56 AM
1
1 reads 0 reactions

The Reserve Bank’s fifth rate rise of the year will hit an economy where young families and small businesses are feeling the most pain. That has consequences.

This is the RBA’s cruellest rate hike. Australia is becoming K-shaped

There’s something special about being in the mounting yard at Flemington Racecourse 30 minutes before the Melbourne Cup is run.

Jockeys shuffle nervously. Owners still believe. Strappers try to keep their horses calm. On Tuesday, we even had Robbie Williams belting out a few of his greatest hits.

Gift articles to anyone you choose each month when you subscribe.

Prev Swipe Story Next

Same Story from Other Publications

Compare how 5 other independent news outlets reported on this story.

5 Publications
RealEstate.com.au News
1w ago
Relentless consumer spending risks triggering more RBA rate hikes for struggling mortgage holders - realestate.com.au

Relentless consumer spending risks triggering more RBA rate hikes for struggling mortgage holders - realestate.com.au

Australians are spending billions on sales events and gambling while pleading poverty over rate hikes, leaving the RBA with little reason to pause.

#rba #hike
Compare →
ABC News Australia
1w ago
Trust in the Reserve Bank is under strain, RBA deputy governor concedes

Trust in the Reserve Bank is under strain, RBA deputy governor concedes

Trust in the RBA is under strain "just as we need it most," RBA deputy governor warns.

Sydney Morning Herald (SMH)
5d ago
Can Albanese win the next election? Depends on the RBA’s danger zone

Can Albanese win the next election? Depends on the RBA’s danger zone

‘There’s always a plan’, the PM has said in the past, about 2027. There will have to be.

The Age
4d ago
The Reserve Bank says AI could supercharge your workplace. Right now, it’s inflating cost of living

The Reserve Bank says AI could supercharge your workplace. Right now, it’s inflating cost of living

AI supporters believe it will improve our lives, end disease and give us more free time. But it could come at a financial cost.

SBS News Australia
1w ago
Is government spending boosting inflation? | SBS Explained

Is government spending boosting inflation? | SBS Explained

The RBA's latest interest rate decision has ignited debate about the role of government spending in soaring inflation.

Related Stories

Australia & Pacific
Build #2611