FEAR & GREED | Business News RBA: rate hike is ‘live’; richest radio show collapses; Google v Apple in smartphones
Mar 3, 2026
Central bank warns another rate hike is possible as oil prices surge amid Middle East tensions. Regional strikes escalate with Australian forces affected and evacuation risks. A major radio show's on-air collapse sparks a $200m fallout. Apple and Google unveil cheaper smartphone models to vie for market share. New research suggests weight-loss GLP-1 drugs could help heart attack recovery.
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RBA Signals Further Rate Rises Are Possible
- The RBA says another rate hike is a live option as oil prices and headline inflation rise above target.
- Governor Michelle Bullock blamed weaker-than-expected productivity and stronger private demand in late 2025 for the surprise inflation persistence.
Productivity Shortfall Explains Persistent Inflation
- The RBA misjudged supply potential because productivity fell short, meaning the economy can't absorb as much spending without inflation rising.
- Bullock suggested AI could help productivity but not deliver big job losses in the short term.
Prepare For Rates To Rise After A Strong GDP Print
- Mortgage holders should prepare for higher rates if upcoming GDP data shows a strong economy before the March 17 meeting.
- If GDP is weak the RBA faces a tougher tradeoff, but a strong print strengthens the case to hike again.