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Wednesday, October 21, 2026Updated 01:59 UTC

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Odds of fifth interest rate hike this year likely to shorten as RBA deputy warns inflation outlook ‘worsening’

Source: Guardian World · Oct 20, 2026 23:19 UTC

Entrance of the Federal Reserve Bank of Cleveland with its arched windows and statues — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Andrew Hauser says the central bank faces ‘hard choices’ as it looks to balance the risks of entrenched inflation with the desire to protect the labour market Andrew Hauser, the Reserve Bank’s deputy governor, has reignited talk of a fifth interest rate hike on Melbourne Cup day, warning of “hard choices” ahead in response to an inflation outlook that “looks materially worse” than the central bank

Read the full story at Guardian World

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