RBA expected to raise rates again as Labor grapples with economic criticism
The Reserve Bank is widely tipped to raise rates again on Tuesday, extending a run of 17 rises since Labor took office.
The Reserve Bank is expected to lift interest rates again on Tuesday, marking the 17th rise since Labor came to power (though three cuts followed in 2025). The decision threatens divisions within the Albanese government.
Treasurer Jim Chalmers once attacked Scott Morrison over higher mortgage payments. Now critics are using the same lines against him.
He points to global pressures and government spending as drivers of inflation. Finance Minister Katy Gallagher appeared Sunday to downplay tensions.
She described the PM and Treasurer's relationship as professional. She acknowledged budget pressures from defence, aged care, the NDIS, and government debt.
- 17
- RBA rate rises since Labor
- 3
- RBA rate cuts in 2025
- Jim Chalmers
- Treasurer
- Katy Gallagher
- Finance Minister
Why it mattersHigher interest rates hit mortgages, loans, and savings rates. Government divisions over inflation are now more visible.
AustraliaAnother RBA rate rise would increase mortgage repayments and loan costs for millions of Australians already struggling with cost of living.
✓ Claims checked against the source and corrected before publish. checked 3 h ago
