RBA thinks inflation is hurting households more than interest rates: economist | ABC NEWS

The RBA has raised the cash rate from 4.35% to 4.6% in a widely expected move, bringing rates to their highest level since October 2011. Chief economist at EY Oceania, Cherelle Murphy, says this fourth interest rate increase will be tough on many households, but the Reserve Bank believes high inflation is a bigger problem right now. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-09-2... Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia