FAULTLINEGlobal event monitor The world todayAll situations

Economy · Impact 2 Notable

RBA deputy warns inflation outlook 'materially worse', fifth rate hike possible

· Sydney, Australia · single source so far

Reserve Bank of Australia deputy governor Andrew Hauser said the board faces 'hard choices' as the inflation outlook looks materially worse than expected two months ago. His remarks revived talk of a fifth rate hike this year.

Location
Sydney, Australia · Australia live map
Coordinates
33.87°S 151.21°E
Reported
20 Oct 2026, 23:19 UTC
Category
Economy
Impact
2 of 5 · Notable
Situation
Global economy
See it on the live globe → The Guardian ↗

Global economy right now

▲ Escalating

Global debt put at $365 trillion as France now pays more than Italy to borrow

On Thursday, reports put global debt at $365 trillion as interest costs climb, with France now paying more than Italy and Greece to borrow. Protests in Europe have highlighted the debt squeeze. On Wednesday, UK figures showed inflation rising to 3.5% in September and a higher than expected monthly deficit, ahead of the UK Budget next Wednesday.

  • France now pays more to borrow than Italy and Greece, and global debt is put at $365 trillion.
  • UK borrowing was £24.5bn in September, with debt interest of £10.9bn, the highest September figure on record.
  • UK inflation rose to 3.5% in the year to September from 3.1%, according to the Office for National Statistics, on surging fuel prices.
  • John Healey faces pressure ahead of his first budget next Wednesday.
Updated 24 Oct 2026, 01:19 UTC · Written by Claude from the reports on this page and on the map. Check the linked sources for full details.

More from Global economy

All 12 events in Global economy →