ABC News Daily
ABC News Daily
ABC Australia
Alan Kohler on the rate hike and the RBA’s mistakes
15 minutes Posted Feb 3, 2026 at 3:00 pm.
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The Reserve Bank cut the cash rate target three times last year, but already there’s a U-turn. 
The RBA board is so concerned about inflation sticking around that it has increased interest rates for the first time since 2023.
Today, the ABC’s finance expert Alan Kohler on the RBAs failure to bring inflation down to its target and the mistakes it made in 2025. 
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Alan Kohler, ABC finance expert