{"id":650592,"date":"2026-05-05T06:29:09","date_gmt":"2026-05-05T06:29:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/650592\/"},"modified":"2026-05-05T06:29:09","modified_gmt":"2026-05-05T06:29:09","slug":"rba-lifts-interest-rates-jefferson-lewis-excused-from-court-craig-silvey-pleads-guilty-to-child-exploitation-offences","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/650592\/","title":{"rendered":"RBA lifts interest rates; Jefferson Lewis excused from court; Craig Silvey pleads guilty to child exploitation offences"},"content":{"rendered":"<p>Reserve Bank governor Michele Bullock says the war in the Middle East has driven up inflation that was already too high in Australia.<\/p>\n<p>\u201cWe are all feeling poorer,\u201d Bullock said shortly after the RBA\u2019s announcement of a third interest rate rise this year, which is now expected to push up household expenses.<\/p>\n<p>\u201cInflation hurts all Australians because its eats away at the purchasing powers of our money &#8230; And Australians are poorer because of this shock to energy prices.<\/p>\n<p>\u201cSo we are poorer, and there is no way out of that. The trade-off is much worse.\u201d<\/p>\n<p>Asked if the interest rate was now at the right level to drive inflation back down to the RBA\u2019s target, Bullock said: \u201cWe\u2019re now in a position where we\u2019ve got space to be alert to the risks &#8230; if the war continues.<\/p>\n<p>The new interest rate of \u201c4.35 now might not be quite as restrictive as we thought it was back then, when it was 4.35 the first time\u201d, she added.<\/p>\n","protected":false},"excerpt":{"rendered":"Reserve Bank governor Michele Bullock says the war in the Middle East has driven up inflation that was&hellip;\n","protected":false},"author":2,"featured_media":650593,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[43,44,41,39,42,40],"class_list":["post-650592","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/650592","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=650592"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/650592\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/650593"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=650592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=650592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=650592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}