Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Australia news live: Chalmers defends record as RBA’s...
Business & Finance

Australia news live: Chalmers defends record as RBA’s cash rate decision due

The Guardian World Monday 28 September 2026, 20:39 UTC By Martin Farrer 1 min read
Key Points

Follow the day’s news live. Get our breaking news email, free app or daily news podcastThe treasurer, Jim Chalmers, has defended his economic record on the eve of what is widely expected to be the fourth interest rate rise of 2026, as the Reserve Bank remains concerned about persistent inflation. The RBA board is poised to hike the cash rate from 4.35% to 4.6% on Tuesday, which would be the fourth increase in 2026 and push typical home loan interest rates to 6.5%.We have a lot going for us...

Follow the day’s news live.

The treasurer, Jim Chalmers, has defended his economic record on the eve of what is widely expected to be the fourth interest rate rise of 2026, as the Reserve Bank remains concerned about persistent inflation.

The RBA board is poised to hike the cash rate from 4.35% to 4.6% on Tuesday, which would be the fourth increase in 2026 and push typical home loan interest rates to 6.5%.

We have a lot going for us and we’ve got a lot of work to do to make sure that in these difficult global circumstances Australia continues to out-perform the world.

We have a big inflation challenge in our economy. It’s made much worse by decisions taken on the other side of the world.

Continue reading...
Australia (LOCATION) Chalmers (ORG) RBA (ORG) Jim Chalmers (PERSON) the Reserve Bank (ORG)
Originally published by The Guardian World Read original →

Related Stories

J.J. McCarthy isn't the answer for the Giants ... right? Barnwell on the trade's potential impact

After Jaxson Dart went down with a season-ending knee injury in Week 2, it was probably inevitable that the Giants would add another quarterback to their roster. Jameis Winston can be combustible at his best, and while the weather wasn't great at MetLife Stadium yesterday, he has averaged 4.7 yards per attempt and completed 51% of his passes since inheriting the starting job. With Jake Haener as the only other QB on the roster, getting someone to backup Winston and potentially take over if...

ESPN just now

This AI startup has only 14 employees — and a fresh $10 billion valuation

Instinct is rapidly amassing investment dollars, illustrating the rush of excitement around personal AI assistants.

MarketWatch 9m ago

Live: Canavan says rate hike could be 'straw that breaks the camel's back'

live Federal politics live: Canavan says rate hike could be 'straw that breaks the camel's back' Matt Canavan says a further interest rate hike could be the "straw that breaks the camel's back" for families, blaming government spending for inflation. Follow all the updates in our live blog.

ABC Australia 20m ago

Alito steps aside in a major climate case after scrutiny over oil stock holdings

Alito steps aside in a major climate case after scrutiny over oil stock holdings Supreme Court Justice Samuel Alito has recused himself from a major climate-change case WASHINGTON -- Supreme Court Justice Samuel Alito recused himself Monday from a major climate-change case after facing calls to step aside due to stock holdings in oil companies. A letter posted in the case did not specify a reason, but the conservative justice has previously recused himself from other cases involving...

ABC News US 26m ago