{"id":455702,"date":"2026-02-03T12:51:09","date_gmt":"2026-02-03T12:51:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/455702\/"},"modified":"2026-02-03T12:51:09","modified_gmt":"2026-02-03T12:51:09","slug":"rba-raises-interest-rates-cory-bernardi-recruited-by-one-nation-sussan-ley-david-littleproud-fail-to-reach-coalition-split-resolution-4","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/455702\/","title":{"rendered":"RBA raises interest rates; Cory Bernardi recruited by One Nation; Sussan Ley, David Littleproud fail to reach Coalition split resolution"},"content":{"rendered":"

Reserve Bank governor Michele Bullock says she does understand that for mortgage holders, today\u2019s interest rate rise is not a great outcome.<\/p>\n

\u201cWhat\u2019s also not great for them, or for anyone else, is if inflation remains elevated because every time they go to the shop, every time they go to buy their groceries, every time they go to get personal services, medical [treatment], if inflation is high, that\u2019s going to keep going up,\u201d Bullock said.<\/p>\n

\u201cUltimately, it is best if we get inflation under control, and our instrument is the interest rate, and I understand that people with mortgages find that hard. But the alternative is potentially even harder, so I empathise with them.\u201d<\/p>\n

\"ReserveReserve Bank governor Michele Bullock speaks about today\u2019s interest rate rise.Oscar Colman<\/p>\n

Asked if the board considered a rise of 0.5 per rate, she said no.<\/p>\n

But Bullock was a little exasperated when repeatedly asked if mortgagees could expect further rate rises this year.<\/p>\n

\u201cMore versions on the same question? I\u2019m not sure what I can add, other than say that the board has taken a cautious approach, they\u2019ve made one rate rise this time. And we\u2019ll observe now what happens to financial conditions,\u201d she said.<\/p>\n

She went on to say: \u201cI\u2019m not predicting there will be more rate rises, but I\u2019m also not saying that if inflation does remain too high, that there might [not] be, so I\u2019m going back to that never ruling anything in or out phrase, I suppose. But at this stage, just one.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Reserve Bank governor Michele Bullock says she does understand that for mortgage holders, today\u2019s interest rate rise is…\n","protected":false},"author":2,"featured_media":454956,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":{"0":"post-455702","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/455702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=455702"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/455702\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/454956"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=455702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=455702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=455702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}