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Economists warn rate rises are coming

Published July 31, 2026 at 6:02 AM UTC

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Economists are cautioning that the Reserve Bank of Australia (RBA) may need to increase interest rates further to combat persistent inflation. Despite recent rate hikes, underlying inflation remains above the RBA's target range, prompting concerns about the potential impact on economic growth and household budgets. The RBA has indicated that it will take necessary actions to achieve price stability, including additional rate increases if required. Economists are urging the government to implement tax reforms to alleviate financial pressures on Australians. The situation underscores the delicate balance the RBA faces in managing inflation without stifling economic growth.