03/11/2026
As the Melbourne Cup captures the nation's attention, many Australians are grappling with rising financial pressures.
Yesterday, the Reserve Bank increased interest rates to 4.85%, pushing borrowing costs to levels not seen since 2008. This increase adds approximately $83 to a $400,000 mortgage each month, just as households are preparing for Christmas expenses.
The implications are significant: while the RBA aims to contain inflation, many households are questioning how much more they can bear.
Explore the full context of these economic challenges and their impact on everyday life.
https://imperialbullion.com.au/the-cup-runs-household-budgets-lose/