RBA lifts rates to 4.35% today

[Bobby]

https://au.finance.yahoo.com/news/rba-i ... 14578.html

5th May 2026

Hello and welcome to Yahoo Finance’s live coverage of today’s RBA interest rate decision. The Reserve Bank has delivered a third consecutive interest rate hike,
lifting the cash rate to 4.35 per cent.

The hikes effectively wipe out the three cuts of 2025, bringing the cash rate back to the peak of the previous cycle.

And some banks and economists believe Michele Bullock and the Reserve Bank board aren’t done yet.

Westpac has gone as far as predicting there will be two more hikes in 2026. If that materialises, the cash rate would reach a high not seen since 2008, nearly 18 years ago, heaping even more pressure on cash-strapped Australians.

Follow along as we bring you everything you need to know about today’s decision, as well as all the reaction.

[Bobby]

I'm glad I own my own place.

[Bobby]

Mass uncontrolled immigration caused the inflation
especially on house and rent prices.

It's all Albo's fault.

[Black Orchid]

It's Jim Chalmers fault. If Albo had any brains he'd get rid of him and Casanova Bowen.

[Bobby]

It's Jim Chalmers fault. If Albo had any brains he'd get rid of him and Casanova Bowen.

It's Labor's plan -

turn Australia into a 3rd world country and
provide more Labor voters to keep Labor in power.

Labor doesn't care if they rule over ashes as long as they rule.