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The Guardian - AU
The Guardian - AU
Business
Greg Jericho

An RBA rate rise next week is now an even-money bet – and figures reveal just how damaging it would be

RBA Inflation CPI Reserve Bank
homes in McMahons Point in Sydney with skyline in background
Since March last year the cost of mortgages on Australian homes has gone up 114%. An RBA rate rise in November has become increasingly likely. Photograph: Brendon Thorne/Getty Images

The latest cost of living figures show just how damaging another rate rise next week would be to households and the economy.

In the past week the likelihood of the Reserve Bank raising the cash rate to 4.35% has gone from about 20% prior to last week’s inflation figures coming out, to now an even-money bet.

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