Did the RBA just call out Jim Chalmers? | 4BC Brisbane
The Reserve Bank of Australia (RBA) has delivered another blow to Australian mortgage holders on Melbourne Cup Day, hiking the official cash rate by 25 basis points to 4.85%—its highest level since 2008. RBA Governor Michelle Bullock made it clear that domestic demand and capacity constraints—not just global oil shocks—are driving sustained inflation, leaving households facing at least another 14 months of pressure. Meanwhile, the Commonwealth Bank warns Brisbane house prices could drop up to 1
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