RBA hikes rates again

Ye' olde wage-price spiral

Taxing trusts

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 // @grogsgamut

Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek

Show notes:

In this budget, all eyes are on CGT. But Labor’s rumoured family trust tweaks might also help fight tax inequality by Greg Jericho, Guardian Australia (May 2026)

RBA’s decision to raise rates hurts Australians for no reason by Greg Jericho, The Point(May 2026)

Monetary Policy Decision – May 2026, Reserve Bank of Australia

A tragic birth, and death, in a tent – and still our poorest must pay by Amy Remeikis, The Point(May 2026)

Profit-Price Inflation: Theory, International Evidence, and Policy Implications, the Australia Institute (September 2023)

Theme music: Blue Dot Sessions

We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to podcasts@australiainstitute.org.au. Subscribe to Dollars & Sense on Apple Podcasts, Spotify, Pocket Casts or wherever you get your favourite podcasts.

Interest rates won&rsquo;t affect the global oil price shock brought about by the illegal US war on Iran &ndash; so why did the Reserve Bank hike them again?
On this episode of Dollars &amp; Sense, Greg and Elinor discuss the rationale for the Reserve Bank&rsquo;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 <a href="https://thepoint.com.au/">The Point</a> for research, analysis, explainers and factchecks from experts at the Australia Institute and beyond.
Host:&nbsp;Greg Jericho, Chief Economist, the Australia Institute // <a href="https://bsky.app/profile/grogsgamut.bsky.social">@grogsgamut</a>
Host:&nbsp;Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // <a href="https://bsky.app/profile/elinorjohnstonleek.bsky.social">@elinorjohnstonleek</a>
Show notes:
<a href="https://www.theguardian.com/business/grogonomics/2026/may/06/in-this-budget-all-eyes-are-on-cgt-but-labors-rumoured-family-trust-tweaks-might-also-help-fight-tax-inequality">In this budget, all eyes are on CGT. But Labor&rsquo;s rumoured family trust tweaks might also help fight tax inequality</a> by Greg Jericho, Guardian Australia (May 2026)
<a href="https://thepoint.com.au/opinions/260506-rbas-decision-to-raise-rates-hurts-australians-for-no-reason">RBA&rsquo;s decision to raise rates hurts Australians for no reason</a> by Greg Jericho, The Point (May 2026)
<a href="https://www.rba.gov.au/speeches/2026/mc-gov-2026-05-05.html">Monetary Policy Decision &ndash; May 2026</a>, Reserve Bank of Australia
<a href="https://thepoint.com.au/opinions/260508-a-tragic-birth-and-death-in-a-tent-and-still-our-poorest-must-pay">A tragic birth, and death, in a tent &ndash; and still our poorest must pay</a> by Amy Remeikis, The Point (May 2026)
<a href="https://australiainstitute.org.au/report/profit-price-inflation-theory-international-evidence-and-policy-implications/">Profit-Price Inflation: Theory, International Evidence, and Policy Implications</a>, the Australia Institute (September 2023)
Theme music:&nbsp;Blue Dot Sessions
We&rsquo;d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to <a href="mailto:podcasts@australiainstitute.org.au">podcasts@australiainstitute.org.au</a>. Subscribe to&nbsp;Dollars&nbsp;&amp;&nbsp;Sense&nbsp;on&nbsp;<a href="https://podcasts.apple.com/au/podcast/dollars-sense/id1717300562">Apple Podcasts</a>,&nbsp;<a href="https://open.spotify.com/show/5FWzwVKWUR2tZCbXSKuBE2?si=1c2f3558cc6d44ab">Spotify</a>,&nbsp;<a href="https://pocketcasts.com/podcast/dollars-sense/9cc37d00-6a4f-013c-9f4c-0acc26574db2">Pocket Casts</a>&nbsp;or wherever you get your favourite podcasts.

Economic data can tell us a lot about what's happening the economy and society, but it's easy to get lost in data. Dollars and Sense dives into the latest economic figures to explain how they impact you and what they tell us about the state of the Australian economy, with host Greg Jericho, Chief Economist at the Australia Institute and the Centre for Future Work and popular columnist of Grogonomics with Guardian Australia.

Economic data can tell us a lot about what's happening the economy and society, but it's easy to get lost in data. Dollars and Sense dives into the latest economic figures to explain how they impact you and what they tell us about the state of the Australian economy, with host Greg Jericho, Chief Economist at the Australia Institute and the Centre for Future Work and popular columnist of Grogonomics with Guardian Australia.

Dollars & Sense

Dollars & Sense demystifies the latest economic figures, how they impact you and what they can tell us about the economy, with host with Greg Jericho, Chief Economist at the Australia Institute and Centre for Future Work, and author of Guardian Australia's Grogonomics column.  

Dollars &amp; Sense demystifies the latest economic figures, how they impact you and what they can tell us about the economy, with host with Greg Jericho, Chief Economist at the Australia Institute and Centre for Future Work, and author of Guardian Australia's Grogonomics column.

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?