Annual inflation was 4.3% in September. The top of the 2–3% target range is not expected to be reached until late 2027.

Regular income Aussies have been told to brace for a devastating week ahead as a huge policy decision looks set to get the green light.

Markets are pricing in an 82% chance of an interest rate hike. A 0.25% increase would push the cash rate to its highest level since 2008. Economists are worried about an economic recession.

Shock unsealed Reserve Bank minutes show board members are willing to accept job losses to crush inflation - exposing a stark gap with the Governor’s softer warnings as low rates disappear.