{
  "id": 10785165,
  "title": "Live: Taylor blames 'home-grown inflation' for 15-year-high rate hike",
  "url": "https://urgent.news/2026/09/29/live-taylor-blames-home-grown-inflation-for-15-year-high-rate-hike",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T21:11:41.000Z",
  "source": {
    "name": "ABC News AU",
    "slug": "abc-news-au",
    "url": "https://www.abc.net.au/news/2026-09-30/federal-politics-live-blog-interest-rates/107208684"
  },
  "original_language": "en",
  "account": "Opposition Leader Angus Taylor has attributed the Reserve Bank's recent interest rate hike to home-grown inflation. Speaking to Channel Nine, Taylor urged the government to curb Commonwealth spending. He pointed out that inflation in Australia has persisted before the Middle East war and the associated oil shock. Reserve Bank Governor Michele Bullock explained that domestic capacity pressures contributed to the inflation, with oil shock adding to the issue. Bullock stated that demand for goods and services, including those driven by AI investments, has grown faster than businesses can meet, leading to price increases. The government's spending reached 26.9% of GDP last financial year, the highest level since the 1980s, aside from the pandemic.",
  "summary": "The opposition leader says the government is not in control of inflation and interest rates. Follow live.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Sydney Morning Herald",
        "title": "Australia news LIVE: Bullock blames domestic spending for rate hike, inflation as government insists global factors to blame; No explosives found inside vans searched in UK terror probe",
        "url": "https://urgent.news/2026/09/29/australia-news-live-bullock-blames-domestic-spending-for-rate-hike",
        "published": "2026-09-29T20:45:30.000Z"
      },
      {
        "outlet": "The Age",
        "title": "Australia news LIVE: Bullock blames domestic spending for rate hike, inflation as government insists global factors to blame; No explosives found inside vans searched in UK terror probe",
        "url": "https://urgent.news/2026/09/29/australia-news-live-bullock-blames-domestic-spending-for-rate-hike-10781147",
        "published": "2026-09-29T20:45:30.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}