EconomyBreaking
Reserve Bank of Australia raises cash rate to 4.85%, its fifth increase this year
By Mantle News
Coverage spectrum
Covered by 3 outlets, mostly center (67%).
4 articles in total. The spectrum counts each outlet once and leaves opinion out. How we measure bias
The Reserve Bank of Australia raised its cash rate by a quarter point to 4.85% on Tuesday, its fifth increase this year, according to CNBC and the Financial Times. The Guardian also reports the increase, which it says takes the rate to its highest level since 2008 and is aimed at inflation it puts at 4.3% in the year to September. CNBC reports that the decision split the board, with six members voting for a rise and three for a hold. The Guardian says the rise comes amid an oil shock linked to the war in the Middle East. The Financial Times reports that inflation remains above target. Treasurer Jim Chalmers had told ABC’s RN that Australians were bracing for a “difficult decision”, according to the Guardian’s reporting.
Headline and summary written by Mantle’s AI from the coverage below, under published rules. Editors read every story. How this works
What happened
Key points
Each point shows who reports it, from Far Left to Far Right.
The Reserve Bank of Australia raised its cash rate by 25 basis points to 4.85% on Tuesday, its fifth increase this year.
Reported byLeft1Center2See the outletsHide the outlets
- Left
- The Guardian
- Center
- CNBC, Financial Times
The new rate is the highest since 2008.
Reported byLeft1Center2See the outletsHide the outlets
- Left
- The Guardian
- Center
- CNBC, Financial Times
The board decision was split, with six members voting for a rise and three for a hold.
Reported byLeft1Center1See the outletsHide the outlets
- Left
- The Guardian
- Center
- CNBC
Inflation was 4.3% in the year to September and remains above target, according to the reports.
Reported byLeft1Center2See the outletsHide the outlets
- Left
- The Guardian
- Center
- CNBC, Financial Times
The rate rise comes amid an oil shock linked to the war in the Middle East, according to the reporting.
One outletThe Guardian· Left
Treasurer Jim Chalmers said Australians are bracing for a “difficult decision” ahead of the rate hike.
One outletThe Guardian· Left
How each side tells it
Compare views
Every side reports that the RBA raised its cash rate to 4.85%, its fifth rise this year and the highest since 2008. The main difference is emphasis: the Guardian stresses the hardship for mortgage holders and the government’s pressure, while the center outlets stick to the rate move and its link to inflation.
the left
1 outlet
Left-side coverage comes from one newsroom, the Guardian, whose headlines frame the hike as a blow to mortgage holders and focus on household pain.
RBA interest rates: Reserve Bank hikes cash rate for fifth time this year in Sensational language“blow to mortgage holders”Describes the rate rise as a harm to a group before the effects are measured, where a plain description of the increase was available.More neutral: raises repayments for mortgage holdersDisagree with this highlight?
The GuardianLeftAll left-leaning headlines the center
2 outlets
CNBC and the Financial Times headline the rise as a plain record-level move, tied to inflation and the highest rate since 2008, without added judgement.
Australia raises rates to highest level since 2008 financial crisis
Financial TimesCenterAll center headlines the right
No coverage yet
No right-leaning outlet that Mantle follows has covered this story yet. That absence is part of the picture.
The words they chose
Language to notice
Words that carry a judgement beyond the facts. Tap a highlighted word anywhere on the page to see why.
Left2
hit mortgage holders againblow to mortgage holders
Center0
No loaded words in its own voice.
Right
Has not covered this story.
In the outlets’ own words
Loaded verb
hit mortgage holders againMore neutral: raises rates again for mortgage holders
Frames the rate rise as an attack on borrowers rather than a policy decision with effects on them.
The RBA’s decision to hit mortgage holders again is no surprise after inflation jumped to 4.3% in the year to September and…
Used byThe Guardian (Left)
Sensational language
blow to mortgage holdersMore neutral: raises repayments for mortgage holders
Describes the rate rise as a harm to a group before the effects are measured, where a plain description of the increase was available.
RBA interest rates: Reserve Bank hikes cash rate for fifth time this year in blow to mortgage holders
Used byThe Guardian (Left)
See for yourself
Side by side
What each side leads with and what it leaves out. Open a side to read its headlines.
From the left
1 outletLeads with
- Impact on mortgage holders
- Fifth rate rise this year
- Oil shock from the Middle East war
- Pressure on the government
Leaves out
- Economists’ expectations for the decision
Reported by other sides, not found in this side’s coverage.
See the headline from the leftHide the headlines
- The GuardianLeft
RBA interest rates: Reserve Bank hikes cash rate for fifth time this year in Sensational language“blow to mortgage holders”Describes the rate rise as a harm to a group before the effects are measured, where a plain description of the increase was available.More neutral: raises repayments for mortgage holdersDisagree with this highlight?
Reserve Bank of Australia increases official cash rate to 4.85%, bringing it to highest level since 2008 RBA interest rates live updates: Reserve Bank cash rate decision Get our daily political email , free app or daily news podcast The Reserve Bank has hiked rates for the fifth …
From the center
2 outletsLeads with
- Inflation control
- Highest rate since 2008
- Fifth increase this year
- Inflation above target
Leaves out
- Effect on households with home loans
Reported by other sides, not found in this side’s coverage.
See the 2 headlines from the centerHide the headlines
- Financial TimesCenter
Australia raises rates to highest level since 2008 financial crisis
Central bank’s fifth increase this year comes as inflation remains above target
- CNBCCenter
Australia hikes rates to 18-year high to fight inflation
The Reserve Bank of Australia's decision was in line with expectations from economists polled by Reuters, and marked its fifth rate increase this year.
From the right
0 outletsNo right-leaning outlet that Mantle follows has covered this story yet. That absence is part of the picture.
The stories you read build My Mix, a private picture of which sides cover the stories you choose, kept on this device. What is My Mix?
The left is Far Left and Left together. The right is Right and Far Right together. Every outlet keeps its own five-point rating.
Who reported it when
How the coverage built up
Left
First to report
The Guardian, Nov 2, 8:39 PM EST
Center
2 hr 6 min later
Its first report, Nov 2, 10:46 PM EST
Right
No report yet
From the outlets Mantle follows
See the order the outlets reported inHide the order
- The GuardianLeftNov 2, 8:39 PM EST
- CNBCCenterNov 2, 10:46 PM EST
- Financial TimesCenterNov 2, 11:37 PM EST
Times are the ones the outlets published in their own feeds, in Eastern time. Opinion is left out.
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