Government weighs cuts after fifth RBA rates hike | ABC NEWS
The federal government is considering making cuts to stem inflation after the Reserve Bank raised interest rates for the fifth time in a year.
RBA Governor Michele Bullock said economic conditions would feel like a recession after the central bank announced its decision.
Finance Minister Katy Gallagher says the Treasury is not forecasting a 90s style recession.
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Read more here: https://www.abc.net.au/news/2026-11-04/reserve-bank-australia-origins-of-inflation-target-2-3-per-cent/107322960
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