@the.australian: A Melbourne Cup day hike to 4.85 per cent has added fresh pressure on the Albanese government to rein in spending. Follow live at the link in our bio.

The Australian
The Australian
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Region: AU
Tuesday 03 November 2026 03:30:57 GMT
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frompanictoplan
From Panic To Plan :
Omg, youre killing us ffs
2026-11-03 05:08:36
0
wadehunter62
Wade Hunter :
This is nothing yet lots more to come
2026-11-03 05:45:16
0
theo842801
Theo :
Nice keep it coming
2026-11-03 05:17:56
0
allisonwall7
Allison Wall ❤️ :
It’s beyond a joke
2026-11-03 05:07:00
1
discostu40
Stu :
question....does donations impact inflation? (spending)
2026-11-03 06:08:03
0
lorettasmoretta
loretta :
And Cole’s and Woolworths will increase their prices no doubt.
2026-11-03 04:09:22
127
dsan75
user1351751282555 :
Who actually profits from raising rates? Banks
2026-11-03 03:59:08
75
everythingispeachy77
Mr Brightside :
but wait till dec
2026-11-03 06:08:47
0
y195550
Kasim :
The RBA r absolutely corrupt to the core
2026-11-03 04:00:20
64
izzy51902567
Izzy :
Good thing I wasn't planning on retiring, eating or having a social life
2026-11-03 04:51:27
16
lillynyugenandcoco
lillyandcoco :
Grubby government
2026-11-03 04:07:39
36
nathalie19zzzy
nathalie19zzzy :
We already are in a recession. They are trying to hide it and using the interest rate hikes to try and make back some money but it’s not working.
2026-11-03 05:29:53
10
mrkangaroo02
kangaroo 🦘 :
and Labor won't stop wasting money
2026-11-03 04:32:39
15
cjay8205
Chas :
Government spending is already at record levels, yet instead of cutting unnecessary expenditure and getting their own finances under control, they keep putting more pressure on taxpayers. Seriously, what a ridiculous way to run a country! 🤦‍♂️
2026-11-03 03:51:14
23
kishadodd833
kishadodd833 :
So its more important to have people on Centrelink & living in poverty than have a working society paying taxes
2026-11-03 04:41:44
16
_zzzdj_vic
_dj :
this is going to be horrendous for some families. this will leave some people hurt or worse.
2026-11-03 04:33:30
14
_pine_apple_pie_
_pine_apple_pie_ :
Why home owners? Who in the RBA/ Government is getting that extra $$$ from the banks? Banks are loving these interests rates.
2026-11-03 04:10:33
15
josephkhoshaba213
joey :
Labor for you
2026-11-03 04:31:42
5
husband2010
Fox1770 :
Thanks Labor
2026-11-03 04:15:57
9
azak756100
A :
House prices need to be back down at least 40-60%.
2026-11-03 04:03:34
9
identityoracle
Identity Oracle | Unfiltered :
This government has no shame!
2026-11-03 04:18:11
6
combatpilgram
combatpilgram :
Atrocious
2026-11-03 03:40:45
6
aussie.farmer
Jason :
The price of oil effects everything. Goods moving via road/ships, food produced on farms, people driving vehicles for work. The government COULD reduce fuel prices immediately if they wanted. Removing the fuel excise completely, and pausing the gst component, would reduce fuel prices by 70-80¢ /L. Or about 25%. Inflation would be stopped in its tracks.
2026-11-03 05:28:41
0
redtrunk1
Kahuna :
My Parents who had nothing were paying off a mortgage at 18% many years ago and earnt a whole less money than today’s average wage
2026-11-03 05:26:21
0
brian.meredith05
Brian Meredith :
I’m finding it hard to get a job driving trucks even updating my license which is over $1500 with driving lessons
2026-11-03 05:10:00
1
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