Chalmers palms off blame for interest rate rise

RATES ARE RISING, CRIMES ARE EMERGING

You may have heard that the Reserve Bank of Australia (RBA) increased interest rates yesterday. At the time of this writing, the verdict is still on the agenda of most major news publications this morning, as everyone speculates about what will happen next and who will be blamed.

AAP He notes that the central bank’s decision to raise the cash rate from 3.6% to 3.85% “puts an end to the shortest easing cycle in the inflation targeting era.”

RBA announced the decision on Tuesday declared: “While inflation has fallen significantly since the peak in 2022, it has recovered significantly in the second half of 2025.