# Albanese, as Aussies brace for another rate rise while you’re overseas, stop leaving Chalmers to carry the can: PETER VAN ONSELEN

- URL: https://talkfuse.com/story/albanese-as-aussies-brace-for-another-rate-rise-while-youre-overseas-stop-leaving-chalmers-to-carry-the-can-peter-van-onselen/
- Published: 2026-11-02T20:47:42+00:00
- Updated: 2026-11-02T21:03:57+00:00
- Original publisher: Daily Mail (publisher lean: Right)
- Original article: https://www.dailymail.com/news/article-16259939/anthony-albanese-overseas-jim-chalmers-rba-rate-rise.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
- Topics: Americas, World

## Key points

- Markets widely expect Australia’s cash rate to rise by 0.25 percentage points.
- Albanese is overseas as Chalmers faces questions about household costs.
- The article links renewed spending growth to pressure on interest rates.

## Summary

Anthony Albanese is attending a Commonwealth leaders’ summit in Antigua and Barbuda as Australians await an interest-rate decision that markets widely expect to bring a 0.25 percentage-point rise. The article argues that Treasurer Jim Chalmers is being left to explain the pressure on household budgets, even though the Prime Minister has authority over government spending and bears ultimate responsibility for the government.

Australia’s annual inflation rate was 4.3 per cent in September and underlying inflation was 3.6 per cent, both above the Reserve Bank’s 2–3 per cent target band; an international energy shock has also pushed inflation higher across G7 economies. Federal payments fell to 24.3 per cent of GDP in 2022–23, then rose to 26.2 per cent in 2024–25, with 26.8 per cent forecast this financial year. The article says Chalmers should answer for the spending choices in his budgets, while Albanese should not avoid responsibility for the government’s broader economic decisions.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.