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Alan Duncan, Director, Bankwest Curtin Economics Centre (BCEC) and John Curtin Distinguished Professor at Curtin Business School, Curtin University

Interest rates have hit their highest level since 2011. The pain will feel different in 2026

Interest Rates Reserve Bank RBA Michele Bullock Inflation

The Reserve Bank this week lifted the cash rate another 0.25 percentage points to 4.6% – its fourth increase this year and the highest it has been since 2011.

The bank pointed to stronger-than-expected inflation at home, alongside much higher global energy prices as conflict in the Middle East has broadened.

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