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RBA Hikes Rates to 4.85%: Bullock Warns ‘Short-Term Pain Prevents Longer-Term Crisis’

Finance

2026-11-03 • 4 min read

RBA Hikes Rates to 4.85%: Bullock Warns ‘Short-Term Pain Prevents Longer-Term Crisis’

RBA Interest Rate Decision The Reserve Bank of Australia has officially raised the Official Cash Rate to 4.85%, the highest level since 2008. This marks the fifth rate hike in 2026, intensifying pressure on indebted...

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