Inflation jumps to 3.2%, dashing hopes of a Melbourne Cup day rate cut for homeowners

The GuardianWednesday, October 29, 2025 at 12:58:07 AM
Inflation jumps to 3.2%, dashing hopes of a Melbourne Cup day rate cut for homeowners
Inflation has surged to 3.2%, which has dashed hopes for a rate cut on Melbourne Cup day for homeowners. The Reserve Bank of Australia (RBA) had anticipated this rise due to the end of generous household power bill subsidies. This increase in inflation is significant as it impacts the cost of living and financial planning for many Australians, especially those hoping for relief in mortgage repayments.
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