Australian News Today
RBA Eyes 4.85% Rate Hike as Labor Faces Heat in Australia 2026
Key Points Canberra (Australia News Today) October 31, 2026 – The Australian Federal Labor Government is bracing for severe political and economic repercussions as financial markets price in an imminent interest rate hike by the Reserve Bank of Australia on Melbourne Cup Day. With persistent inflation heightening financial pressure on households and businesses, internal caucus discipline within the government is…
