The RBA just hiked the cash rate to 4.35%. The 3rd hike in a row now.


Every cut delivered in 2025 has been wiped out.
Westpac is forecasting another 2 hikes through June and August, pushing the rate to 4.85%. This is a level Australia hasn’t seen since 2008.
March CPI jumped to 4.6% from 3.7% in February, with fuel and energy doing most of the damage.
The war pushed oil prices and that cost is now passing through into our groceries, transport, and rent.
We are effectively paying the price of the war through our mortgage repayments. A $1 million loan now costs an extra $453 a month compared to the start of 2026.
Aussies were more optimistic at the worst point of the pandemic. It’s feeling worse now for consumers than in the early 90s recession.
We’re in stagflation, both inflation and unemployment heading higher at the same time.
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