The Reserve Bank of Australia is expected to raise interest rates by 0.25% at its first meeting of the year, with markets pricing in a 70% chance of a hike following recent inflation data. Average mortgage holders with a $695,000 loan could face an additional $110 per month or approximately $1,300 annually in repayments. Core trimmed mean inflation, driven by housing, rents and electricity prices, remains stubbornly high and may continue to challenge Australian households through 2026.

From Channel 7's popular breakfast show with Natali Barr and Matt Shirvington, Sunrise brings you the show's latest news, entertainment and human-interest stories.

From Channel 7's popular breakfast show with Natali Barr and Matt Shirvington, Sunrise brings you the show's latest news, entertainment and human-interest stories.

Top stories and interviews from Australia's #1 breakfast show

Sunrise

From Channel 7's popular breakfast show with Natali Barr and Matt Shirvington, Sunrise brings you the show's latest news, entertainment and human-interest stories.

RBA rate hike looms as inflation pressures persist

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