The RBA hoped this year’s three interest rate rises would tame inflation – but nothing is going their way
OMEGAZEPRIME News
This story was selected and curated by our editorial team in the Australia news category. Published on September 9, 2026 • Originally reported by Patrick Commins Economics editor. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
This story was selected and curated by our editorial team in the Australia news category. Published on September 9, 2026 • Originally reported by Patrick Commins Economics editor. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
The breakdown of the US-Iran ceasefire, rising oil prices and the explosion in data centre investment are making the central bank’s task harder
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For five years the Reserve Bank has been trying to wrangle inflation back to its 2.5% target, and for years it has essentially failed.
The result is a cost of living crisis that has generated intense community grievance.
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