{"id":421508,"date":"2026-05-06T11:50:29","date_gmt":"2026-05-06T01:50:29","guid":{"rendered":"https:\/\/www.vibewire.com.au\/?p=421508"},"modified":"2026-05-06T11:50:31","modified_gmt":"2026-05-06T01:50:31","slug":"rba-raises-rates-to-4-35-amid-inflation-fight-drawing-victoria-backlash","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=421508","title":{"rendered":"RBA Raises Rates to 4.35% Amid Inflation Fight, Drawing Victoria Backlash"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Reserve Bank of Australia lifted its cash rate by 25 basis points to 4.35% on Tuesday, responding to annual inflation at 4.6% fueled by housing costs and global pressures. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Governor Michele Bullock called the move necessary to curb rising price expectations, though it means an extra $190 monthly for a typical $800,000 variable loan borrower. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Victorian Premier <a href=\"https:\/\/www.vibewire.com.au\/?tag=jacinta-allan\" target=\"_blank\" rel=\"noopener\" title=\"Jacinta Allan\">Jacinta Allan<\/a> slammed the decision as hurting families, highlighting state relief like power bonuses and free transport for kids, but faced sharp online criticism blaming Victoria&#8217;s high debt and spending.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Governor Michele Bullock called the move necessary to curb rising price 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