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Australia news live: Chalmers defends record as RBA’s cash rate decision due

Photo: The Guardian World

What happened

Follow the day’s news live. Get our breaking news email , free app or daily news podcast The treasurer, Jim Chalmers , has defended his economic record on the eve of what is widely expected to be the fourth interest rate rise of 2026, as the Reserve Bank remains concerned about persistent inflation. The RBA board is poised to hike the cash rate from 4.35% to 4.6% on Tuesday, which would be the fourth increase in 202…

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