Australian Politics Forum - Interest rate hike tomorrow?

Bobby. Gold Member Offline Australian Politics Posts: 122354 Melbourne Gender:	Interest rate hike tomorrow? Sep 28^th, 2026 at 4:17pm The Reserve Bank of Australia is expected to deliver its fourth interest rate hike for 2026, potentially pushing the cash rate to its highest level in 15 years.
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Bobby.

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Re: Interest rate hike tomorrow?
Reply #1 - Sep 28^th, 2026 at 4:36pm

We're $1 trillion in debt and Albo keeps wasting more money every day.

ScoMo wasted 100s of billions over covid and

Albo wasted 100s of billions more on who knows what ? - rubbish.

Our Govts are printing money and causing inflation.
They do it by creating Govt. bonds and the Reserve bank prints the money to buy them.

The Reserve bank should tell each Govt to go to hell -
we're NOT printing any more money.

Michele Bullock should apologise for printing $1 trillion and causing our inflation problem.

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Bobby. Gold Member Offline Australian Politics Posts: 122354 Melbourne Gender:	Re: Interest rate hike tomorrow? Reply #2 - Sep 29^th, 2026 at 10:17am Waiting for 2.30 PM.
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Bobby.

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Re: Interest rate hike tomorrow?
Reply #3 - Sep 29^th, 2026 at 4:21pm

https://www.abc.net.au/news/2026-09-29/rba-lifts-rates-highest-level-in-15-years...

RBA lifts interest rates to highest level in 15 years

By business reporter Gareth Hutchens

The Reserve Bank has lifted interest rates to their highest level in 15 years.

It has increased rates by 0.25 percentage points, which lifts the cash rate target to 4.6 per cent, up from 4.35 per cent.

It will be a blow to home owners with large mortgages. It is also the highest cash rate millions of households have faced since taking on a mortgage after 2011.

But individuals who have high-interest savings accounts will see their savings accruing more interest after today's decision, if their bank applies higher rates to their accounts.

The decision to lift rates was unanimous, with all nine members of the board voting in favour.

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Lame Duck Donald Gold Member Offline Australian Politics Posts: 1233 Gender:	Re: Interest rate hike tomorrow? Reply #4 - Sep 29^th, 2026 at 4:59pm Wusses ... it should have been a 1 percent rise. Crushing inflation must be the aim, rather than just tinkering and achieving nothing.
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Frank

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Re: Interest rate hike tomorrow?
Reply #5 - Sep 29^th, 2026 at 5:02pm

Bobby. wrote on Sep 29^th, 2026 at 4:21pm:

But individuals who have high-interest savings accounts will see their savings accruing more interest after today's decision, if their bank applies higher rates to their accounts.

Accruing more interest at an inflation rate of 3.5%.
More dollars, not so much more purchsing power.

Chalmers has a PhD in Keating Studies.

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Estragon: I can’t go on like this.
Vladimir: That’s what you think.

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Bobby. Gold Member Offline Australian Politics Posts: 122354 Melbourne Gender:	Re: Interest rate hike today. Reply #6 - Sep 29^th, 2026 at 5:14pm Lame Duck Donald wrote on Sep 29^th, 2026 at 4:59pm: Wusses ... it should have been a 1 percent rise. Crushing inflation must be the aim, rather than just tinkering and achieving nothing. The Reserve Bank cause the inflation by printing $1 trillion dollars.
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Lame Duck Donald Gold Member Offline Australian Politics Posts: 1233 Gender:	Re: Interest rate hike tomorrow? Reply #7 - Sep 29^th, 2026 at 5:25pm RBA did not literally print $1 trillion in physical cash, but it did electronically create tens of billions of dollars through QE during the C19, while the federal government's total debt approached $1 trillion. Opposed to the economy being protected during black swans Bobby ?
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Bobby.

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Re: Interest rate hike today.
Reply #8 - Sep 29^th, 2026 at 5:31pm

Lame Duck Donald wrote on Sep 29^th, 2026 at 5:25pm:

RBA did not literally print $1 trillion in physical cash, but it did electronically create tens of billions of dollars through QE during the C19, while the federal government's total debt approached $1 trillion.

Opposed to the economy being protected during black swans Bobby ?

ScoMo over reacted to Covid but that is only one part of the $1 trillion
that the Reserve bank printed.

Simplified version:

The Govt, issues Govt. Bonds and the Reserve bank prints money to pay for them.
They printed $1 trillion and blame everyone else for the inflation.

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Jasin Gold Member Offline Posts: 58262 Gender:	Re: Interest rate hike tomorrow? Reply #9 - Sep 29^th, 2026 at 6:30pm Like I said back in the Covid years that it would be a GREAT INFLATION after the Pandemic. But Noooo. No-one here believed me.
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Sophia Gold Member Offline Posts: 10084	Re: Interest rate hike tomorrow? Reply #10 - Sep 29^th, 2026 at 9:04pm Jasin wrote on Sep 29^th, 2026 at 6:30pm: Like I said back in the Covid years that it would be a GREAT INFLATION after the Pandemic. But Noooo. No-one here believed me. I remember you said that. I believed you! It’s all hand in hand from plandemic to financial highway robbery (hand in pocket)
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