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Rates were this high 15 years ago. Here's why it hurts more now

Summary

Cost of LivingFinanceLife

When the Reserve Bank of Australia lifted the cash rate by 0.25 percentage points to 4.6 per cent, it brought interest rates to their highest in 15 years.

The report’s most important sentence, shortened and in plain words. How

When the Reserve Bank of Australia lifted the cash rate by 0.25 percentage points to 4.6 per cent, it brought interest rates to their highest in 15 years.

Headline check

The one thing this headline claims is in the report.

Figures, names and quoted words in the headline, looked for in the report itself — not in the summary above. One claim in this headline could be checked, so this is a narrow pass and not a thorough one. How this is checked

This is a summary. The indicators are not. Every score on this page was measured over the full 865-word report, which is the only way the numbers mean anything.

How this outlet filed it, and how we rewrote it

No other newsroom we read has filed on this event, so there is nothing to compare it with yet.

Outlet Niral Score
SBS Newsas they published this story 9.9

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