# ‘Sharper, longer slowdown’ predicted for economy as fifth interest rate hike looms

- Source: Guardian World
- Published: 2026-11-02T06:57:29+00:00
- Category: Local
- Original: https://www.theguardian.com/australia-news/2026/nov/02/australia-economy-fifth-interest-rate-hike-looms
- Canonical: https://groundlevelnews.com/story/sharper-longer-slowdown-predicted-for-economy-as-fifth-interest-rate-h-349c9b/

Australia’s central bank expected to hit mortgage holders again on Tuesday, as war in Middle East combines with collapsing house prices Get our breaking news email , free app or daily news podcast Australia’s economy is set for a “sharper, longer slowdown”, major bank economists say, as the Reserve Bank is forced to keep interest rates higher to rid the nation of persistent inflationary pressures.

_Ground Level News shows a short summary only; the full article and all rights belong to Guardian World._