Updated: 26 October 2026, 10:23 a.m. AEDT Reserve Bank of Australia chief economist Sarah Hunter said the bank had not yet finished tackling inflation, in a television interview broadcast on Sunday night, 25 October. The RBA’s published transcript says the Sydney interview for 60 Minutes was recorded on 21 October. Asked whether enough had been done after four interest-rate increases this year, Hunter said the task was not yet complete and that higher rates needed time to work through the economy. Hunter pointed to two pressures: an overseas oil shock feeding into Australian costs, and domestic demand remaining above what the economy could sustainably supply. She said the bank needed to prevent inflation from becoming entrenched. She acknowledged the strain on mortgage holders while also highlighting the effect of rising living costs on renters and lower-income households. Hunter said the bank was watching closely for signs of a sharp downturn and was not seeking a recession. ABC News...