ANALYSIS: Punters are often confused by WA having large budget surpluses while state debt keeps on growing. The answer lies in the cash deficit.
2 hours ago
RBA hikes rates to pandemic-era high
Australia's cash rate is now sitting at its pandemic-era peak, as the RBA continues to battle escalating inflation compounded by conflict in the Middle East.
Reserve Bank of Australia governor Michele Bullock revealed today the board had voted to raise the cash rate for the third time this year, up by 25 basis points to 4.35 per cent.
Eight of nine members voted for the increase, with one voting to keep the rate at 4.1 per cent.
Read Business News' coverage and analysis of the 2026-27 state budget.


