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If the RBA Gets It Wrong, the PM Will Pay

Only about a quarter of respondents said higher rates would reduce inflation, as the Reserve Bank argues tighter policy is its main tool.

So the Reserve Bank has raised interest rates for the fifth time this year. But why? What’s it trying to fix? And will it work?

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Bias Distribution

  • 75% of the sources lean Left
75% Left

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Sydney Morning Herald broke the news in North Sydney, Australia on Tuesday, November 3, 2026.
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