More pain coming as RBA hikes rates again

Interest rates won’t affect the global oil price shock brought about by the illegal US war on Iran – so why did the Reserve Bank hike them again?

On this episode of Dollars & Sense, Greg and Elinor discuss the rationale for the Reserve Bank’s third interest rate hike for 2026 and how changing the way trusts are taxed could reduce inequality.

This discussion was recorded on Thursday 7 May 2026.

Visit The Point for research, analysis, explainers and factchecks from experts at the Australia Institute and beyond.

Host: Greg Jericho, Chief Economist, the Australia Institute // @grogsgamut

Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek

Show notes:

In this budget, all eyes are on CGT. But Labor’s rumoured family trust tweaks might also help fight tax inequality by Greg Jericho, Guardian Australia (May 2026)

RBA’s decision to raise rates hurts Australians for no reason by Greg Jericho, The Point (May 2026)

Monetary Policy Decision – May 2026, Reserve Bank of Australia

A tragic birth, and death, in a tent – and still our poorest must pay by Amy Remeikis, The Point (May 2026)

Profit-Price Inflation: Theory, International Evidence, and Policy Implications, the Australia Institute (September 2023)

Theme music: Blue Dot Sessions

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