Inflation gloom prevails despite budget bright spot

Inflation gloom prevails despite budget bright spot

Australia's deficit for the past financial year will be smaller than expected, but rising interest rates and stubborn inflation give little cause to celebrate.

The Morning Wire

Monday, September 28, 2026

On the news agenda today

The Reserve Bank board starts two-day deliberations that are expected to end in another interest rate hike.

Cafes and retailers are bracing for an impending change that will stop them applying card payment charges.

The Newcastle Knights have beaten Penrith 22-14 to book a spot in the NRL grand final against the Sydney Roosters.

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