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Explore Inflation and economy will be worse than expected, RBA predicts | Finance Report | ABC NEWS with 39,449 views, 263 likes, and 5 comments. Experience the impact of this video content that has captured audience attention.

Apart from lifting interest rates to an 18-year high, the Reserve Bank has also unveiled a set of bleaker economic forecasts. The RBA now predicts the unemployment rate to peak at 5.1 per cent, while inflation is not expected to fall within the 2-3 per cent target range until the end of next year. It's also forecasting a significant slowdown in Australia's GDP, or economic growth. The Australian dollar fell below 70 US cents, while the ASX 200 finished trading slightly higher despite the ongoing sell-off affecting Wall Street's tech and AI stocks. Presented by David Chau. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-11-03/rba-interest-rates-markets-live-coverage/107338216 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #ABCBusiness

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