On today's chart 41K views since yesterday

RBA lifts cash rate to 4.85% as inflation outlook worsens

ABC News Australia's live coverage examines the mortgage impact and a divided board's decision to raise borrowing costs again.

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ABC News (Australia) Story of November 3, 2026Trari Newsroom

Why this story? One of the most watched videos since yesterday, with 40,729 views.

LIVE: RBA raises cash rate to 4.85% | ABC NEWS

Things we can learn from the video

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0:03Barry announces a quarter-percentage-point rise, taking the official cash rate to 4.85%.
1:12A mortgage graphic shows how the increase changes monthly repayments across different loan sizes.
2:14Rynne explains the split board vote and examines domestic sources of inflation.
8:08Government and household consumption spending feature in Rynne's explanation of persistent price pressures.
12:31Taylor highlights the RBA's higher inflation forecasts and its warning that price pressures have broadened.
14:51Barry reports a slight ASX 200 rise and a small Australian dollar decline following the decision.

Mortgage repayments are the immediate concern in ABC News Australia's coverage of another Reserve Bank rate rise. Finance reporter Alicia Barry announces an increase to 4.85%, the highest level since 2008, before turning to a graphic showing what the change means for different-sized home loans.

The broadcast, uploaded today, has drawn about 41,000 views in its first few hours. It gives viewers both the household consequences and the economic argument behind the decision, which Barry describes as the fifth increase this year.

There was disagreement inside the bank. Joining from Melbourne, KPMG chief economist Brendan Rynne explains that the board voted six to three for the increase. His analysis focuses on persistent domestic inflation, including the contribution of government and household consumption spending, rather than treating rising prices simply as a problem arriving from overseas.

Business correspondent David Taylor then examines the bank's statement. Its warning is that inflation has become broad-based, with forecasts revised materially higher and price growth expected to remain above the target range over the coming year.

The market response is less straightforward than the household squeeze: Barry reports a slight rise in the ASX 200 and a small fall in the Australian dollar. The coverage returns to mortgage holders and consumers, keeping the practical cost of the decision alongside the bank's reasons for making it.

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