Australia’s hopes for rate cuts in 2026 have dimmed after RBA Governor Michele Bullock signaled they’re no longer on the table – and that a rate hike is now a real possibility. With inflation proving stickier than expected and price pressures broadening on everything from housing to everyday essentials, markets are beginning to reprice the path for interest rates.

In this episode, Bloomberg’s Swati Pandey breaks down why the RBA is shifting toward a potential tightening bias, how upcoming inflation data could shape the next move, and what it all means for mortgages, the housing market and Australia’s economic outlook. 

Australia&rsquo;s hopes for rate cuts in 2026 have dimmed after RBA Governor Michele Bullock signaled they&rsquo;re no longer on the table &ndash; and that a rate hike is now a real possibility. With inflation proving stickier than expected and price pressures broadening on everything from housing to everyday essentials, markets are beginning to reprice the path for interest rates.
In this episode, Bloomberg&rsquo;s Swati Pandey breaks down why the RBA is shifting toward a potential tightening bias, how upcoming inflation data could shape the next move, and what it all means for mortgages, the housing market and Australia&rsquo;s economic outlook.&nbsp;

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business. 

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business.

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business.

The Bloomberg Australia Podcast

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business.

Why Rate Hikes Are Back on the Table for 2026

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