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Australia News LIVE: RBA Interest Rate Rise Expected; 2026 Melbourne Cup Today; Anthony Albanese Warns of Dangers to Democracy at CHOGM Meeting

Markets expect the fifth rate increase this year as officials try to curb inflation that has stayed above target for nearly four years.

Summary by PressNewsAgency
The Reserve Bank is being warned it could drive Australia into a recession and leave tens of thousands of people out of work with a Melbourne Cup Day interest rate rise that will lift pressure on Treasurer Jim Chalmers to cut deeper into government spending. Financial markets and most economists expect the RBA to lift […]

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Sydney Morning Herald broke the news in North Sydney, Australia on Monday, November 2, 2026.
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