Deloitte Access Economics forecasts that underlying inflation in Australia will have been above the Reserve Bank's 2.5% target for a full seven years by late 2028, when it is finally tamed. Governor Michele Bullock faces growing questions about whether blunt interest-rate policy is effective. At the press conference after September's rate rise, she was asked whether monetary policy had become detached from the problems it is meant to solve. She responded that rate increases affect far more than mortgage holders.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Reserve Bank of Australia talking tough about harsher rates for borrowers .
Read the original on afr.com ↗
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RBAinflationinterest ratesAustraliaAUDUSD
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Related tickers and likely impact
AUD/USD
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 0.69462 |
| Change that session | +0.35% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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