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Reserve Bank expected to lift interest rates this week
May 4, 2026
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Posted 3 hours ago by
The Reserve Bank of Australia is expected to lift interest rates by another quarter of a percentage point at this week's meeting, following a surge in inflation caused by the war in Iran. If it does, it would mean three rate rises, back-to-back, so far this year. All of Australia’s big banks are betting on another hike, as the RBA tries to tame high inflation.
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Sky News Australia
Coverage and analysis from Australia. All insights are generated by our AI narrative analysis engine.
Australia
Bias: right
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