RBA Holds the Hawkish Line as Wage Growth Fades and Debt Costs Loom

Australia's federal debt hits a record $1 trillion today, but the real shock isn't the headline number—it's the cost of servicing it. With global bond yields at multi-decade highs, the government's interest bill is ballooning just as the RBA signals it may need to push rates even higher to tame inflation.

Money Moves

• RBA Deputy Governor issues rate‑hike warning — Andrew Hauser told a Brisbane audience the bank “will not hesitate”...