{
  "id": 17917183,
  "title": "RBA interest rates: governor Michele Bullock explains decision to lift cash rate to 4.85% – video",
  "url": "https://urgent.news/2026/11/03/rba-interest-rates-governor-michele-bullock-explains-decision-to-lift",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T05:24:05.000Z",
  "source": {
    "name": "The Guardian Australia",
    "slug": "the-guardian-australia",
    "url": "https://www.theguardian.com/australia-news/video/2026/nov/03/rba-interest-rates-governor-michele-bullock-explains-decision-to-lift-cash-rate-to-485-video"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Reserve Bank of Australia has hiked interest rates for the fifth time this year, from 4.6% to 4.85%, in a bid to regain control of surging inflation amid the ongoing global oil shock triggered by the war in the Middle East. The RBA’s cash rate has now reached its highest level since 2008. Back-to-back hikes will heap more pain on more than 3.3m households with home loans and turn the screws…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Top News",
        "title": "Bank CD rates surge above 8% amid liquidity squeeze, rising T-Bill yields",
        "url": "https://urgent.news/2026/11/03/bank-cd-rates-surge-above-8-amid-liquidity-squeeze-rising-t-bill",
        "published": "2026-11-03T00:44:39.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "Australian Dollar declines after RBA hikes rates by 25 bps to 4.85%",
        "url": "https://urgent.news/2026/11/03/australian-dollar-declines-after-rba-hikes-rates-by-25-bps-to-4-85",
        "published": "2026-11-03T04:07:48.000Z"
      },
      {
        "outlet": "The Sydney Morning Herald",
        "title": "RBA lifts interest rates for fifth time this year",
        "url": "https://urgent.news/2026/11/03/rba-lifts-interest-rates-for-fifth-time-this-year-17910036",
        "published": "2026-11-03T04:09:45.000Z"
      },
      {
        "outlet": "The Age",
        "title": "RBA lifts interest rates for fifth time this year",
        "url": "https://urgent.news/2026/11/03/rba-lifts-interest-rates-for-fifth-time-this-year",
        "published": "2026-11-03T04:09:45.000Z"
      }
    ]
  },
  "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."
}