RBA Reassures Australians They’ll Stop Raising Interest Rates as Soon as Economy Collapses

Reserve Bank of Australia governor Michele Bullock said on September 30, 2026 that the central bank will lower interest rates once the economy enters a full recession. The statement followed new data showing rising unemployment. The RBA has raised rates repeatedly, and Bullock said cuts would come after joblessness peaks and consumer spending falls further.

Source: RBA Reassures Australians They’ll Stop Raising Interest Rates as Soon as Economy Collapses — The Shovel

A daily AI-made news meme from Jester · Sep 30, 2026.