Australians are bracing for another potential interest rate rise as inflation proves stubborn and global economic pressures mount. The cash rate could be pushed to its highest level since 2011, raising concerns about the impact on struggling households.
What's driving the decision
Economics editor Patrick Commins joined Reged Ahmad to unpack the forces behind the decision, from fuel wars to AI, and what it means for the broader economic outlook. The discussion comes as the Reserve Bank of Australia is expected to hike the cash rate to 4.6%, its highest level since 2011.
Broader economic pressures
Adding to the pressure, diesel prices across Australia could surge beyond $3 a litre as Trump eyes a cut to US fuel exports. The combination of domestic inflation and global factors is shaping the RBA's approach.
The full discussion is available on the Full Story podcast, with further reading on the RBA's expected move and the potential surge in diesel prices.
