https://www.live-feeds.com/feed/why-today-s-interest-rate-hike-is-different-and-will-hit-almost-everyoneContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/why-today-s-interest-rate-hike-is-different-and-will-hit-almost-everyonehttps://www.live-feeds.com/feed/why-today-s-interest-rate-hike-is-different-and-will-hit-almost-everyone#u104713Tue, 06 Oct 2026 01:31:30 +0000The Reserve Bank of Australia increased the official cash rate to 4.6%, marking the highest level since 2011 and the fourth hike this year. The decision aims to combat sticky inflation, which remained stubbornly high in August. This move pushes benchmark rates to a 15-year high, creating significant financial pressure for millions of Australians. While the RBA continues to fight inflation, some reports indicate a November rate rise is now less likely due to recent inflation data coming in lower than expected.Why it mattersThe RBA is managing a balance between curbing inflation and avoiding a s