Reserve Bank could hike cash rate twice in 2026 as Australia’s inflation stays stubbornly high

End of government subsidies drives electricity costs up by 19% in the month and leaves power bills nearly a third higher than they were a year earlier Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast The Reserve Bank is more likely to hike rates again, and potentially twice before the end of the year, after new figures revealed inflationary pressures showed no signs of easing in 2026. Annual inflation stayed at a high 3.8% i...

By Patrick Commins Economics editor