	{"id":114201,"date":"2026-03-17T15:10:26","date_gmt":"2026-03-17T04:10:26","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/tweedcoasttimes\/news\/rba-hits-borrowers-again-as-fuel-prices-surge\/"},"modified":"2026-03-17T15:10:26","modified_gmt":"2026-03-17T04:10:26","slug":"rba-hits-borrowers-again-as-fuel-prices-surge","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/tweedcoasttimes\/news\/rba-hits-borrowers-again-as-fuel-prices-surge\/","title":{"rendered":"RBA hits borrowers again as fuel prices surge"},"content":{"rendered":"<p data-start=\"318\" data-end=\"475\"><span class=\"BZ_Pyq_fadeIn\">BORROWERS <\/span><span class=\"BZ_Pyq_fadeIn\">and <\/span><span class=\"BZ_Pyq_fadeIn\">small <\/span><span class=\"BZ_Pyq_fadeIn\">businesses <\/span><span class=\"BZ_Pyq_fadeIn\">are <\/span><span class=\"BZ_Pyq_fadeIn\">facing <\/span><span class=\"BZ_Pyq_fadeIn\">renewed <\/span><span class=\"BZ_Pyq_fadeIn\">financial <\/span><span class=\"BZ_Pyq_fadeIn\">pressure <\/span><span class=\"BZ_Pyq_fadeIn\">after <\/span><span class=\"BZ_Pyq_fadeIn\">the <\/span><a href=\"https:\/\/www.rba.gov.au\/\"><span class=\"BZ_Pyq_fadeIn\">Reserve <\/span><span class=\"BZ_Pyq_fadeIn\">Bank <\/span><span class=\"BZ_Pyq_fadeIn\">of <\/span><span class=\"BZ_Pyq_fadeIn\">Australia <\/span><\/a><span class=\"BZ_Pyq_fadeIn\">resumed <\/span><span class=\"BZ_Pyq_fadeIn\">raising <\/span><span class=\"BZ_Pyq_fadeIn\">interest <\/span><span class=\"BZ_Pyq_fadeIn\">rates <\/span><span class=\"BZ_Pyq_fadeIn\">at <\/span><span class=\"BZ_Pyq_fadeIn\">its <\/span><span class=\"BZ_Pyq_fadeIn\">March <\/span><span class=\"BZ_Pyq_fadeIn\">meeting.<\/span><\/p>\n<p data-start=\"477\" data-end=\"616\"><span class=\"BZ_Pyq_fadeIn\">The <\/span><span class=\"BZ_Pyq_fadeIn\">central <\/span><span class=\"BZ_Pyq_fadeIn\">bank <\/span><span class=\"BZ_Pyq_fadeIn\">increased <\/span><span class=\"BZ_Pyq_fadeIn\">the <\/span><span class=\"BZ_Pyq_fadeIn\">cash <\/span><span class=\"BZ_Pyq_fadeIn\">rate <\/span><span class=\"BZ_Pyq_fadeIn\">by <\/span><span class=\"BZ_Pyq_fadeIn\">25 <\/span><span class=\"BZ_Pyq_fadeIn\">basis <\/span><span class=\"BZ_Pyq_fadeIn\">points <\/span><span class=\"BZ_Pyq_fadeIn\">to <\/span><span class=\"BZ_Pyq_fadeIn\">4.1 <\/span><span class=\"BZ_Pyq_fadeIn\">per <\/span><span class=\"BZ_Pyq_fadeIn\">cent <\/span><span class=\"BZ_Pyq_fadeIn\">as <\/span><span class=\"BZ_Pyq_fadeIn\">inflation <\/span><span class=\"BZ_Pyq_fadeIn\">risks <\/span><span class=\"BZ_Pyq_fadeIn\">strengthened <\/span><span class=\"BZ_Pyq_fadeIn\">and <\/span><span class=\"BZ_Pyq_fadeIn\">global <\/span><span class=\"BZ_Pyq_fadeIn\">fuel <\/span><span class=\"BZ_Pyq_fadeIn\">prices <\/span><span class=\"BZ_Pyq_fadeIn\">climbed.<\/span><\/p>\n<p data-start=\"618\" data-end=\"755\"><span class=\"BZ_Pyq_fadeIn\">The <\/span><span class=\"BZ_Pyq_fadeIn\">decision <\/span><span class=\"BZ_Pyq_fadeIn\">was <\/span><span class=\"BZ_Pyq_fadeIn\">made <\/span><span class=\"BZ_Pyq_fadeIn\">by <\/span><span class=\"BZ_Pyq_fadeIn\">a <\/span><span class=\"BZ_Pyq_fadeIn\">narrow <\/span><span class=\"BZ_Pyq_fadeIn\">majority, <\/span><span class=\"BZ_Pyq_fadeIn\">with <\/span><span class=\"BZ_Pyq_fadeIn\">five <\/span><span class=\"BZ_Pyq_fadeIn\">board <\/span><span class=\"BZ_Pyq_fadeIn\">members <\/span><span class=\"BZ_Pyq_fadeIn\">voting <\/span><span class=\"BZ_Pyq_fadeIn\">for <\/span><span class=\"BZ_Pyq_fadeIn\">the <\/span><span class=\"BZ_Pyq_fadeIn\">increase <\/span><span class=\"BZ_Pyq_fadeIn\">and <\/span><span class=\"BZ_Pyq_fadeIn\">four <\/span><span class=\"BZ_Pyq_fadeIn\">preferring <\/span><span class=\"BZ_Pyq_fadeIn\">to <\/span><span class=\"BZ_Pyq_fadeIn\">leave <\/span><span class=\"BZ_Pyq_fadeIn\">rates <\/span><span class=\"BZ_Pyq_fadeIn\">unchanged.<\/span><\/p>\n<p data-start=\"757\" data-end=\"958\"><span class=\"BZ_Pyq_fadeIn\">The <\/span><span class=\"BZ_Pyq_fadeIn\">Reserve <\/span><span class=\"BZ_Pyq_fadeIn\">Bank <\/span><span class=\"BZ_Pyq_fadeIn\">said <\/span><span class=\"BZ_Pyq_fadeIn\">sharply <\/span><span class=\"BZ_Pyq_fadeIn\">higher <\/span><span class=\"BZ_Pyq_fadeIn\">fuel <\/span><span class=\"BZ_Pyq_fadeIn\">prices <\/span><span class=\"BZ_Pyq_fadeIn\">linked <\/span><span class=\"BZ_Pyq_fadeIn\">to <\/span><span class=\"BZ_Pyq_fadeIn\">conflict <\/span><span class=\"BZ_Pyq_fadeIn\">in <\/span><span class=\"BZ_Pyq_fadeIn\">the <\/span><span class=\"BZ_Pyq_fadeIn\">Middle <\/span><span class=\"BZ_Pyq_fadeIn\">East <\/span><span class=\"BZ_Pyq_fadeIn\">could <\/span><span class=\"BZ_Pyq_fadeIn\">push <\/span><span class=\"BZ_Pyq_fadeIn\">inflation <\/span><span class=\"BZ_Pyq_fadeIn\">higher <\/span><span class=\"BZ_Pyq_fadeIn\">in <\/span><span class=\"BZ_Pyq_fadeIn\">the <\/span><span class=\"BZ_Pyq_fadeIn\">near <\/span><span class=\"BZ_Pyq_fadeIn\">term <\/span><span class=\"BZ_Pyq_fadeIn\">and <\/span><span class=\"BZ_Pyq_fadeIn\">risk <\/span><span class=\"BZ_Pyq_fadeIn\">keeping <\/span><span class=\"BZ_Pyq_fadeIn\">it <\/span><span class=\"BZ_Pyq_fadeIn\">above <\/span><span class=\"BZ_Pyq_fadeIn\">target <\/span><span class=\"BZ_Pyq_fadeIn\">for <\/span><span class=\"BZ_Pyq_fadeIn\">longer <\/span><span class=\"BZ_Pyq_fadeIn\">than <\/span><span class=\"BZ_Pyq_fadeIn\">previously <\/span><span class=\"BZ_Pyq_fadeIn\">expected.<\/span><\/p>\n<p data-start=\"960\" data-end=\"1197\"><span class=\"BZ_Pyq_fadeIn\">Mortgage <\/span><span class=\"BZ_Pyq_fadeIn\">broker <\/span><span class=\"BZ_Pyq_fadeIn\">Mortgage <\/span><span class=\"BZ_Pyq_fadeIn\">Choice <\/span><span class=\"BZ_Pyq_fadeIn\">estimates <\/span><span class=\"BZ_Pyq_fadeIn\">that <\/span><span class=\"BZ_Pyq_fadeIn\">if <\/span><span class=\"BZ_Pyq_fadeIn\">lenders <\/span><span class=\"BZ_Pyq_fadeIn\">pass <\/span><span class=\"BZ_Pyq_fadeIn\">on <\/span><span class=\"BZ_Pyq_fadeIn\">the <\/span><span class=\"BZ_Pyq_fadeIn\">increase <\/span><span class=\"BZ_Pyq_fadeIn\">in <\/span><span class=\"BZ_Pyq_fadeIn\">full, <\/span><span class=\"BZ_Pyq_fadeIn\">repayments <\/span><span class=\"BZ_Pyq_fadeIn\">on <\/span><span class=\"BZ_Pyq_fadeIn\">a <\/span><span class=\"BZ_Pyq_fadeIn\">typical $<\/span><span class=\"BZ_Pyq_fadeIn\">750,000 <\/span><span class=\"BZ_Pyq_fadeIn\">home <\/span><span class=\"BZ_Pyq_fadeIn\">loan <\/span><span class=\"BZ_Pyq_fadeIn\">could <\/span><span class=\"BZ_Pyq_fadeIn\">rise <\/span><span class=\"BZ_Pyq_fadeIn\">by <\/span><span class=\"BZ_Pyq_fadeIn\">about $<\/span><span class=\"BZ_Pyq_fadeIn\">120 <\/span><span class=\"BZ_Pyq_fadeIn\">a <\/span><span class=\"BZ_Pyq_fadeIn\">month, <\/span><span class=\"BZ_Pyq_fadeIn\">while <\/span><span class=\"BZ_Pyq_fadeIn\">borrowers <\/span><span class=\"BZ_Pyq_fadeIn\">with $<\/span><span class=\"BZ_Pyq_fadeIn\">1 <\/span><span class=\"BZ_Pyq_fadeIn\">million <\/span><span class=\"BZ_Pyq_fadeIn\">loans <\/span><span class=\"BZ_Pyq_fadeIn\">may <\/span><span class=\"BZ_Pyq_fadeIn\">face <\/span><span class=\"BZ_Pyq_fadeIn\">increases <\/span><span class=\"BZ_Pyq_fadeIn\">closer <\/span><span class=\"BZ_Pyq_fadeIn\">to $<\/span><span class=\"BZ_Pyq_fadeIn\">160.<\/span><\/p>\n<p data-start=\"1199\" data-end=\"1313\"><span class=\"BZ_Pyq_fadeIn\">Accounting <\/span><span class=\"BZ_Pyq_fadeIn\">body <\/span><span class=\"BZ_Pyq_fadeIn\">CPA <\/span><span class=\"BZ_Pyq_fadeIn\">Australia <\/span><span class=\"BZ_Pyq_fadeIn\">said <\/span><span class=\"BZ_Pyq_fadeIn\">fuel <\/span><span class=\"BZ_Pyq_fadeIn\">dependent <\/span><span class=\"BZ_Pyq_fadeIn\">small <\/span><span class=\"BZ_Pyq_fadeIn\">businesses <\/span><span class=\"BZ_Pyq_fadeIn\">were <\/span><span class=\"BZ_Pyq_fadeIn\">already <\/span><span class=\"BZ_Pyq_fadeIn\">struggling <\/span><span class=\"BZ_Pyq_fadeIn\">to <\/span><span class=\"BZ_Pyq_fadeIn\">absorb <\/span><span class=\"BZ_Pyq_fadeIn\">higher <\/span><span class=\"BZ_Pyq_fadeIn\">costs.<\/span><\/p>\n<p data-start=\"1315\" data-end=\"1428\"><span class=\"BZ_Pyq_fadeIn\">CPA <\/span><span class=\"BZ_Pyq_fadeIn\">Australia <\/span><span class=\"BZ_Pyq_fadeIn\">business <\/span><span class=\"BZ_Pyq_fadeIn\">and <\/span><span class=\"BZ_Pyq_fadeIn\">investment <\/span><span class=\"BZ_Pyq_fadeIn\">lead <\/span><span class=\"BZ_Pyq_fadeIn\">Gavan <\/span><span class=\"BZ_Pyq_fadeIn\">Ord <\/span><span class=\"BZ_Pyq_fadeIn\">said <\/span><span class=\"BZ_Pyq_fadeIn\">many <\/span><span class=\"BZ_Pyq_fadeIn\">operators <\/span><span class=\"BZ_Pyq_fadeIn\">were <\/span><span class=\"BZ_Pyq_fadeIn\">being <\/span><span class=\"BZ_Pyq_fadeIn\">hit <\/span><span class=\"BZ_Pyq_fadeIn\">from <\/span><span class=\"BZ_Pyq_fadeIn\">multiple <\/span><span class=\"BZ_Pyq_fadeIn\">directions.<\/span><\/p>\n<p data-start=\"1430\" data-end=\"1555\"><span class=\"BZ_Pyq_fadeIn\">\u201c<\/span><span class=\"BZ_Pyq_fadeIn\">These <\/span><span class=\"BZ_Pyq_fadeIn\">businesses <\/span><span class=\"BZ_Pyq_fadeIn\">are <\/span><span class=\"BZ_Pyq_fadeIn\">feeling <\/span><span class=\"BZ_Pyq_fadeIn\">bruised <\/span><span class=\"BZ_Pyq_fadeIn\">by <\/span><span class=\"BZ_Pyq_fadeIn\">higher <\/span><span class=\"BZ_Pyq_fadeIn\">fuel <\/span><span class=\"BZ_Pyq_fadeIn\">costs <\/span><span class=\"BZ_Pyq_fadeIn\">that <\/span><span class=\"BZ_Pyq_fadeIn\">are <\/span><span class=\"BZ_Pyq_fadeIn\">flowing <\/span><span class=\"BZ_Pyq_fadeIn\">through <\/span><span class=\"BZ_Pyq_fadeIn\">every <\/span><span class=\"BZ_Pyq_fadeIn\">part <\/span><span class=\"BZ_Pyq_fadeIn\">of <\/span><span class=\"BZ_Pyq_fadeIn\">their <\/span><span class=\"BZ_Pyq_fadeIn\">operations,\u201d <\/span><span class=\"BZ_Pyq_fadeIn\">he <\/span><span class=\"BZ_Pyq_fadeIn\">said.<\/span><\/p>\n<p data-start=\"1557\" data-end=\"1676\"><span class=\"BZ_Pyq_fadeIn\">\u201c<\/span><span class=\"BZ_Pyq_fadeIn\">Fuel <\/span><span class=\"BZ_Pyq_fadeIn\">isn\u2019t <\/span><span class=\"BZ_Pyq_fadeIn\">optional \u2013 <\/span><span class=\"BZ_Pyq_fadeIn\">it\u2019s <\/span><span class=\"BZ_Pyq_fadeIn\">fundamental \u2013 <\/span><span class=\"BZ_Pyq_fadeIn\">and <\/span><span class=\"BZ_Pyq_fadeIn\">when <\/span><span class=\"BZ_Pyq_fadeIn\">prices <\/span><span class=\"BZ_Pyq_fadeIn\">spike, <\/span><span class=\"BZ_Pyq_fadeIn\">costs <\/span><span class=\"BZ_Pyq_fadeIn\">rise <\/span><span class=\"BZ_Pyq_fadeIn\">immediately <\/span><span class=\"BZ_Pyq_fadeIn\">with <\/span><span class=\"BZ_Pyq_fadeIn\">very <\/span><span class=\"BZ_Pyq_fadeIn\">little <\/span><span class=\"BZ_Pyq_fadeIn\">room <\/span><span class=\"BZ_Pyq_fadeIn\">to <\/span><span class=\"BZ_Pyq_fadeIn\">hide.\u201d<\/span><\/p>\n<p data-start=\"1678\" data-end=\"1790\"><span class=\"BZ_Pyq_fadeIn\">Mr <\/span><span class=\"BZ_Pyq_fadeIn\">Ord <\/span><span class=\"BZ_Pyq_fadeIn\">said <\/span><span class=\"BZ_Pyq_fadeIn\">the <\/span><span class=\"BZ_Pyq_fadeIn\">latest <\/span><span class=\"BZ_Pyq_fadeIn\">rate <\/span><span class=\"BZ_Pyq_fadeIn\">rise <\/span><span class=\"BZ_Pyq_fadeIn\">compounded <\/span><span class=\"BZ_Pyq_fadeIn\">pressure <\/span><span class=\"BZ_Pyq_fadeIn\">at <\/span><span class=\"BZ_Pyq_fadeIn\">a <\/span><span class=\"BZ_Pyq_fadeIn\">time <\/span><span class=\"BZ_Pyq_fadeIn\">when <\/span><span class=\"BZ_Pyq_fadeIn\">confidence <\/span><span class=\"BZ_Pyq_fadeIn\">across <\/span><span class=\"BZ_Pyq_fadeIn\">the <\/span><span class=\"BZ_Pyq_fadeIn\">economy <\/span><span class=\"BZ_Pyq_fadeIn\">was <\/span><span class=\"BZ_Pyq_fadeIn\">weakening.<\/span><\/p>\n<p data-start=\"1792\" data-end=\"1993\"><span class=\"BZ_Pyq_fadeIn\">\u201c<\/span><span class=\"BZ_Pyq_fadeIn\">For <\/span><span class=\"BZ_Pyq_fadeIn\">many <\/span><span class=\"BZ_Pyq_fadeIn\">small <\/span><span class=\"BZ_Pyq_fadeIn\">businesses, <\/span><span class=\"BZ_Pyq_fadeIn\">fuel <\/span><span class=\"BZ_Pyq_fadeIn\">is <\/span><span class=\"BZ_Pyq_fadeIn\">now <\/span><span class=\"BZ_Pyq_fadeIn\">one <\/span><span class=\"BZ_Pyq_fadeIn\">of <\/span><span class=\"BZ_Pyq_fadeIn\">their <\/span><span class=\"BZ_Pyq_fadeIn\">largest <\/span><span class=\"BZ_Pyq_fadeIn\">and <\/span><span class=\"BZ_Pyq_fadeIn\">most <\/span><span class=\"BZ_Pyq_fadeIn\">volatile <\/span><span class=\"BZ_Pyq_fadeIn\">expenses. <\/span><span class=\"BZ_Pyq_fadeIn\">Combined <\/span><span class=\"BZ_Pyq_fadeIn\">with <\/span><span class=\"BZ_Pyq_fadeIn\">higher <\/span><span class=\"BZ_Pyq_fadeIn\">interest <\/span><span class=\"BZ_Pyq_fadeIn\">rates <\/span><span class=\"BZ_Pyq_fadeIn\">and <\/span><span class=\"BZ_Pyq_fadeIn\">persistent <\/span><span class=\"BZ_Pyq_fadeIn\">inflation, <\/span><span class=\"BZ_Pyq_fadeIn\">it\u2019s <\/span><span class=\"BZ_Pyq_fadeIn\">making <\/span><span class=\"BZ_Pyq_fadeIn\">an <\/span><span class=\"BZ_Pyq_fadeIn\">already <\/span><span class=\"BZ_Pyq_fadeIn\">difficult <\/span><span class=\"BZ_Pyq_fadeIn\">situation <\/span><span class=\"BZ_Pyq_fadeIn\">worse.\u201d<\/span><\/p>\n<p data-start=\"1995\" data-end=\"2083\"><span class=\"BZ_Pyq_fadeIn\">He <\/span><span class=\"BZ_Pyq_fadeIn\">said <\/span><span class=\"BZ_Pyq_fadeIn\">households <\/span><span class=\"BZ_Pyq_fadeIn\">were <\/span><span class=\"BZ_Pyq_fadeIn\">also <\/span><span class=\"BZ_Pyq_fadeIn\">pulling <\/span><span class=\"BZ_Pyq_fadeIn\">back <\/span><span class=\"BZ_Pyq_fadeIn\">spending <\/span><span class=\"BZ_Pyq_fadeIn\">as <\/span><span class=\"BZ_Pyq_fadeIn\">borrowing <\/span><span class=\"BZ_Pyq_fadeIn\">costs <\/span><span class=\"BZ_Pyq_fadeIn\">continued <\/span><span class=\"BZ_Pyq_fadeIn\">to <\/span><span class=\"BZ_Pyq_fadeIn\">rise.<\/span><\/p>\n<p data-start=\"2085\" data-end=\"2185\"><span class=\"BZ_Pyq_fadeIn\">\u201c<\/span><span class=\"BZ_Pyq_fadeIn\">Households <\/span><span class=\"BZ_Pyq_fadeIn\">are <\/span><span class=\"BZ_Pyq_fadeIn\">pulling <\/span><span class=\"BZ_Pyq_fadeIn\">back, <\/span><span class=\"BZ_Pyq_fadeIn\">businesses <\/span><span class=\"BZ_Pyq_fadeIn\">are <\/span><span class=\"BZ_Pyq_fadeIn\">losing <\/span><span class=\"BZ_Pyq_fadeIn\">confidence, <\/span><span class=\"BZ_Pyq_fadeIn\">and <\/span><span class=\"BZ_Pyq_fadeIn\">yet <\/span><span class=\"BZ_Pyq_fadeIn\">costs <\/span><span class=\"BZ_Pyq_fadeIn\">keep <\/span><span class=\"BZ_Pyq_fadeIn\">rising,\u201d <\/span><span class=\"BZ_Pyq_fadeIn\">he <\/span><span class=\"BZ_Pyq_fadeIn\">said.<\/span><\/p>\n<p data-start=\"2187\" data-end=\"2269\"><span class=\"BZ_Pyq_fadeIn\">\u201c<\/span><span class=\"BZ_Pyq_fadeIn\">This <\/span><span class=\"BZ_Pyq_fadeIn\">rate <\/span><span class=\"BZ_Pyq_fadeIn\">increase <\/span><span class=\"BZ_Pyq_fadeIn\">adds <\/span><span class=\"BZ_Pyq_fadeIn\">fresh <\/span><span class=\"BZ_Pyq_fadeIn\">pressure <\/span><span class=\"BZ_Pyq_fadeIn\">just <\/span><span class=\"BZ_Pyq_fadeIn\">as <\/span><span class=\"BZ_Pyq_fadeIn\">many <\/span><span class=\"BZ_Pyq_fadeIn\">were <\/span><span class=\"BZ_Pyq_fadeIn\">hoping <\/span><span class=\"BZ_Pyq_fadeIn\">for <\/span><span class=\"BZ_Pyq_fadeIn\">some <\/span><span class=\"BZ_Pyq_fadeIn\">relief.\u201d<\/span><\/p>\n<p data-start=\"2271\" data-end=\"2359\"><span class=\"BZ_Pyq_fadeIn\">Businesses <\/span><span class=\"BZ_Pyq_fadeIn\">reliant <\/span><span class=\"BZ_Pyq_fadeIn\">on <\/span><span class=\"BZ_Pyq_fadeIn\">transport <\/span><span class=\"BZ_Pyq_fadeIn\">and <\/span><span class=\"BZ_Pyq_fadeIn\">mobility <\/span><span class=\"BZ_Pyq_fadeIn\">were <\/span><span class=\"BZ_Pyq_fadeIn\">feeling <\/span><span class=\"BZ_Pyq_fadeIn\">the <\/span><span class=\"BZ_Pyq_fadeIn\">impact <\/span><span class=\"BZ_Pyq_fadeIn\">daily, <\/span><span class=\"BZ_Pyq_fadeIn\">Mr <\/span><span class=\"BZ_Pyq_fadeIn\">Ord <\/span><span class=\"BZ_Pyq_fadeIn\">said.<\/span><\/p>\n<p data-start=\"2361\" data-end=\"2507\"><span class=\"BZ_Pyq_fadeIn\">\u201c<\/span><span class=\"BZ_Pyq_fadeIn\">Every <\/span><span class=\"BZ_Pyq_fadeIn\">trip, <\/span><span class=\"BZ_Pyq_fadeIn\">delivery <\/span><span class=\"BZ_Pyq_fadeIn\">and <\/span><span class=\"BZ_Pyq_fadeIn\">service <\/span><span class=\"BZ_Pyq_fadeIn\">call <\/span><span class=\"BZ_Pyq_fadeIn\">now <\/span><span class=\"BZ_Pyq_fadeIn\">costs <\/span><span class=\"BZ_Pyq_fadeIn\">more. <\/span><span class=\"BZ_Pyq_fadeIn\">Businesses <\/span><span class=\"BZ_Pyq_fadeIn\">can\u2019t <\/span><span class=\"BZ_Pyq_fadeIn\">absorb <\/span><span class=\"BZ_Pyq_fadeIn\">these <\/span><span class=\"BZ_Pyq_fadeIn\">increases <\/span><span class=\"BZ_Pyq_fadeIn\">indefinitely, <\/span><span class=\"BZ_Pyq_fadeIn\">and <\/span><span class=\"BZ_Pyq_fadeIn\">many <\/span><span class=\"BZ_Pyq_fadeIn\">are <\/span><span class=\"BZ_Pyq_fadeIn\">running <\/span><span class=\"BZ_Pyq_fadeIn\">out <\/span><span class=\"BZ_Pyq_fadeIn\">of <\/span><span class=\"BZ_Pyq_fadeIn\">options.\u201d<\/span><\/p>\n<p data-start=\"2509\" data-end=\"2611\"><span class=\"BZ_Pyq_fadeIn\">CPA <\/span><span class=\"BZ_Pyq_fadeIn\">Australia <\/span><span class=\"BZ_Pyq_fadeIn\">warned <\/span><span class=\"BZ_Pyq_fadeIn\">higher <\/span><span class=\"BZ_Pyq_fadeIn\">operating <\/span><span class=\"BZ_Pyq_fadeIn\">costs <\/span><span class=\"BZ_Pyq_fadeIn\">were <\/span><span class=\"BZ_Pyq_fadeIn\">likely <\/span><span class=\"BZ_Pyq_fadeIn\">to <\/span><span class=\"BZ_Pyq_fadeIn\">be <\/span><span class=\"BZ_Pyq_fadeIn\">passed <\/span><span class=\"BZ_Pyq_fadeIn\">on <\/span><span class=\"BZ_Pyq_fadeIn\">to <\/span><span class=\"BZ_Pyq_fadeIn\">consumers <\/span><span class=\"BZ_Pyq_fadeIn\">in <\/span><span class=\"BZ_Pyq_fadeIn\">coming <\/span><span class=\"BZ_Pyq_fadeIn\">months.<\/span><\/p>\n<p data-start=\"2613\" data-end=\"2700\"><span class=\"BZ_Pyq_fadeIn\">\u201c<\/span><span class=\"BZ_Pyq_fadeIn\">When <\/span><span class=\"BZ_Pyq_fadeIn\">costs <\/span><span class=\"BZ_Pyq_fadeIn\">rise <\/span><span class=\"BZ_Pyq_fadeIn\">this <\/span><span class=\"BZ_Pyq_fadeIn\">sharply <\/span><span class=\"BZ_Pyq_fadeIn\">and <\/span><span class=\"BZ_Pyq_fadeIn\">this <\/span><span class=\"BZ_Pyq_fadeIn\">quickly, <\/span><span class=\"BZ_Pyq_fadeIn\">prices <\/span><span class=\"BZ_Pyq_fadeIn\">inevitably <\/span><span class=\"BZ_Pyq_fadeIn\">follow,\u201d <\/span><span class=\"BZ_Pyq_fadeIn\">Mr <\/span><span class=\"BZ_Pyq_fadeIn\">Ord <\/span><span class=\"BZ_Pyq_fadeIn\">said.<\/span><\/p>\n<p data-start=\"2702\" data-end=\"2843\"><span class=\"BZ_Pyq_fadeIn\">\u201c<\/span><span class=\"BZ_Pyq_fadeIn\">Many <\/span><span class=\"BZ_Pyq_fadeIn\">small <\/span><span class=\"BZ_Pyq_fadeIn\">businesses <\/span><span class=\"BZ_Pyq_fadeIn\">will <\/span><span class=\"BZ_Pyq_fadeIn\">be <\/span><span class=\"BZ_Pyq_fadeIn\">forced <\/span><span class=\"BZ_Pyq_fadeIn\">to <\/span><span class=\"BZ_Pyq_fadeIn\">pass <\/span><span class=\"BZ_Pyq_fadeIn\">on <\/span><span class=\"BZ_Pyq_fadeIn\">higher <\/span><span class=\"BZ_Pyq_fadeIn\">costs, <\/span><span class=\"BZ_Pyq_fadeIn\">while <\/span><span class=\"BZ_Pyq_fadeIn\">others <\/span><span class=\"BZ_Pyq_fadeIn\">will <\/span><span class=\"BZ_Pyq_fadeIn\">delay <\/span><span class=\"BZ_Pyq_fadeIn\">investment, <\/span><span class=\"BZ_Pyq_fadeIn\">reduce <\/span><span class=\"BZ_Pyq_fadeIn\">services <\/span><span class=\"BZ_Pyq_fadeIn\">or <\/span><span class=\"BZ_Pyq_fadeIn\">scale <\/span><span class=\"BZ_Pyq_fadeIn\">back <\/span><span class=\"BZ_Pyq_fadeIn\">employment.\u201d<\/span><\/p>\n<p data-start=\"2845\" data-end=\"2914\"><span class=\"BZ_Pyq_fadeIn\">Mr <\/span><span class=\"BZ_Pyq_fadeIn\">Ord <\/span><span class=\"BZ_Pyq_fadeIn\">said <\/span><span class=\"BZ_Pyq_fadeIn\">longer <\/span><span class=\"BZ_Pyq_fadeIn\">term <\/span><span class=\"BZ_Pyq_fadeIn\">reform <\/span><span class=\"BZ_Pyq_fadeIn\">would <\/span><span class=\"BZ_Pyq_fadeIn\">be <\/span><span class=\"BZ_Pyq_fadeIn\">needed <\/span><span class=\"BZ_Pyq_fadeIn\">to <\/span><span class=\"BZ_Pyq_fadeIn\">restore <\/span><span class=\"BZ_Pyq_fadeIn\">confidence.<\/span><\/p>\n<p data-start=\"2916\" data-end=\"3050\"><span class=\"BZ_Pyq_fadeIn\">\u201c<\/span><span class=\"BZ_Pyq_fadeIn\">Short-<\/span><span class=\"BZ_Pyq_fadeIn\">term <\/span><span class=\"BZ_Pyq_fadeIn\">relief <\/span><span class=\"BZ_Pyq_fadeIn\">won\u2019t <\/span><span class=\"BZ_Pyq_fadeIn\">fix <\/span><span class=\"BZ_Pyq_fadeIn\">a <\/span><span class=\"BZ_Pyq_fadeIn\">system <\/span><span class=\"BZ_Pyq_fadeIn\">where <\/span><span class=\"BZ_Pyq_fadeIn\">small <\/span><span class=\"BZ_Pyq_fadeIn\">businesses <\/span><span class=\"BZ_Pyq_fadeIn\">are <\/span><span class=\"BZ_Pyq_fadeIn\">burdened <\/span><span class=\"BZ_Pyq_fadeIn\">by <\/span><span class=\"BZ_Pyq_fadeIn\">high <\/span><span class=\"BZ_Pyq_fadeIn\">costs, <\/span><span class=\"BZ_Pyq_fadeIn\">excessive <\/span><span class=\"BZ_Pyq_fadeIn\">red <\/span><span class=\"BZ_Pyq_fadeIn\">tape <\/span><span class=\"BZ_Pyq_fadeIn\">and <\/span><span class=\"BZ_Pyq_fadeIn\">uncertainty,\u201d <\/span><span class=\"BZ_Pyq_fadeIn\">he <\/span><span class=\"BZ_Pyq_fadeIn\">said.<\/span><\/p>\n<p data-start=\"3052\" data-end=\"3160\" data-is-last-node=\"\" data-is-only-node=\"\"><span class=\"BZ_Pyq_fadeIn\">\u201c<\/span><span class=\"BZ_Pyq_fadeIn\">What <\/span><span class=\"BZ_Pyq_fadeIn\">is <\/span><span class=\"BZ_Pyq_fadeIn\">needed <\/span><span class=\"BZ_Pyq_fadeIn\">is <\/span><span class=\"BZ_Pyq_fadeIn\">decisive <\/span><span class=\"BZ_Pyq_fadeIn\">action <\/span><span class=\"BZ_Pyq_fadeIn\">to <\/span><span class=\"BZ_Pyq_fadeIn\">cut <\/span><span class=\"BZ_Pyq_fadeIn\">unnecessary <\/span><span class=\"BZ_Pyq_fadeIn\">regulation, <\/span><span class=\"BZ_Pyq_fadeIn\">lift <\/span><span class=\"BZ_Pyq_fadeIn\">productivity <\/span><span class=\"BZ_Pyq_fadeIn\">and <\/span><span class=\"BZ_Pyq_fadeIn\">restore <\/span><span class=\"BZ_Pyq_fadeIn\">confidence.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BORROWERS and small businesses are facing renewed financial pressure after the Reserve Bank of Australia resumed raising interest rates at its March meeting. The central bank increased the cash rate by 25 basis points to 4.1 per cent as inflation risks strengthened and global fuel prices climbed. The decision was made by a narrow majority, [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/timesnewsgroup.com.au\/tweedcoasttimes\/news\/rba-hits-borrowers-again-as-fuel-prices-surge\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":178,"featured_media":114202,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7],"tags":[],"post_folder":[],"class_list":["post-114201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RBA hits borrowers again as fuel prices surge - Tweed Coast Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/tweedcoasttimes\/news\/rba-hits-borrowers-again-as-fuel-prices-surge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBA hits borrowers again as fuel prices surge - Tweed Coast Times\" \/>\n<meta property=\"og:description\" content=\"BORROWERS and small businesses are facing renewed financial pressure after the Reserve Bank of Australia resumed raising interest rates at its March meeting. The central bank increased the cash rate by 25 basis points to 4.1 per cent as inflation risks strengthened and global fuel prices climbed. The decision was made by a narrow majority, [...]Read More...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/timesnewsgroup.com.au\/tweedcoasttimes\/news\/rba-hits-borrowers-again-as-fuel-prices-surge\/\" \/>\n<meta property=\"og:site_name\" content=\"Tweed Coast Times\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-17T04:10:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/30\/2026\/03\/Cam-Mooney.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Angus Smith\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@angussmithh\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Angus Smith\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/tweedcoasttimes\\\/news\\\/rba-hits-borrowers-again-as-fuel-prices-surge\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/tweedcoasttimes\\\/news\\\/rba-hits-borrowers-again-as-fuel-prices-surge\\\/\"},\"author\":{\"name\":\"Angus Smith\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/tweedcoasttimes\\\/#\\\/schema\\\/person\\\/25bcc2cb3a5fd7fe4016d31a167d1b9b\"},\"headline\":\"RBA hits borrowers again as fuel prices surge\",\"datePublished\":\"2026-03-17T04:10:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/tweedcoasttimes\\\/news\\\/rba-hits-borrowers-again-as-fuel-prices-surge\\\/\"},\"wordCount\":452,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/tweedcoasttimes\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/tweedcoasttimes\\\/news\\\/rba-hits-borrowers-again-as-fuel-prices-surge\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/30\\\/2026\\\/03\\\/Cam-Mooney.png\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/timesnewsgroup.com.au\\\/tweedcoasttimes\\\/news\\\/rba-hits-borrowers-again-as-fuel-prices-surge\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/tweedcoasttimes\\\/news\\\/rba-hits-borrowers-again-as-fuel-prices-surge\\\/\",\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/tweedcoasttimes\\\/news\\\/rba-hits-borrowers-again-as-fuel-prices-surge\\\/\",\"name\":\"RBA hits borrowers again as fuel prices surge - Tweed Coast Times\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/tweedcoasttimes\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/tweedcoasttimes\\\/news\\\/rba-hits-borrowers-again-as-fuel-prices-surge\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/tweedcoasttimes\\\/news\\\/rba-hits-borrowers-again-as-fuel-prices-surge\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/30\\\/2026\\\/03\\\/Cam-Mooney.png\",\"datePublished\":\"2026-03-17T04:10:26+00:00\",\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/timesnewsgroup.com.au\\\/tweedcoasttimes\\\/news\\\/rba-hits-borrowers-again-as-fuel-prices-surge\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/tweedcoasttimes\\\/news\\\/rba-hits-borrowers-again-as-fuel-prices-surge\\\/#primaryimage\",\"url\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/30\\\/2026\\\/03\\\/Cam-Mooney.png\",\"contentUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/30\\\/2026\\\/03\\\/Cam-Mooney.png\",\"width\":1200,\"height\":630,\"caption\":\"Michele Bullock, Governor of the Reserve Bank of Australia. 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