Reserve Bank raises cash rate to 4.85% as recession fears grow
On November 15, 2026, a financial expert questioned whether Australians should prepare for a recession amid rising interest rates and inflation. The Reserve Bank raised the cash rate to 4.85 percent, while unemployment may rise to 5.1 percent by the end of 2028. Australia's economy continues to grow, with a 2.1 percent GDP increase.
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Published 14 Nov 2026, 18:01 UTC · Updated 14 Nov 2026, 18:10 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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