{"id":589795,"date":"2026-11-03T15:40:53","date_gmt":"2026-11-03T04:40:53","guid":{"rendered":"https:\/\/www.vibewire.com.au\/?p=589795"},"modified":"2026-11-03T15:43:45","modified_gmt":"2026-11-03T04:43:45","slug":"rba-raises-rates-to-4-85-amid-persistent-inflation","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=589795","title":{"rendered":"RBA Raises Rates to 4.85% Amid Persistent Inflation"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The board voted 6-3 to lift the target by 25 basis points, citing elevated inflation at 4.3%, domestic pressures, and higher fuel costs from Middle East conflicts. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This will increase average mortgage repayments by around $115 monthly, adding strain on households unseen since the late 1980s. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Prime Minister <a href=\"https:\/\/www.vibewire.com.au\/?tag=anthony-albanese\">Albanese <\/a>called rate hikes a blunt tool hurting borrowers, while critics blame $100 billion in federal spending since 2022 and urge cuts to outlays, net-zero policies, and migration.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This will increase average mortgage repayments by around $115 monthly, adding strain on households unseen since the late 1980s.<\/p>\n","protected":false},"author":22,"featured_media":156076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[35],"tags":[9031,12314],"class_list":["post-589795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-anthony-albanese","tag-reserve-bank-of-australia"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 5.0.4 - aioseo.com -->\n\t<meta name=\"description\" content=\"This will 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