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More pain coming as RBA hikes rates again

Interest rates won’t affect the global oil price shock brought about by the illegal US war on Iran – so why did the Reserve Bank hike them again? On this episode of Dollars & Sense, Greg and Elinor discuss the rationale for the Reserve Bank’s third interest rate hike for 2026 and how changing the way trusts are taxed could reduce inequality. This discussion was recorded on Thursday 7 May 2026. Visit The Point for research, analysis, explainers and factchecks from experts at the Australia Institute and beyond. Host: Greg Jericho, Chief Economist, the Australia Institute //…

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