Inflation set to stay higher for longer, RBA warns |Evening News Bulletin 28 October 2026

The Reserve Bank of Australia indicates that inflation is likely to remain high for an extended period, with underlying pressures stemming from domestic demand and weak productivity growth. Governor Michelle Bullock highlights that inflation may not return to the target range of 2% to 3% until late 2027, complicating the economic landscape for Australians. The government attributes rising inflation to increased fuel prices linked to the ongoing conflict in the Middle East.

In international news, exit polls from Israel's general election reveal no clear winner, with Benjamin Netanyahu's coalition and his main rival, the Eisenkot bloc, both falling short of a majority. Analysts suggest that while Netanyahu appears to be trailing, he should not be underestimated in the ongoing political negotiations.

Domestically, a 24-hour strike by Qantas freight handling and ground services workers disrupts operations at major Australian airports. The Transport Workers Union accuses the airline of undermining pay and conditions, while Qantas asserts its commitment to reaching fair agreements with its employees. Additionally, a survey reveals that a significant portion of Australian general practitioners have witnessed racism within the healthcare system, prompting calls for government action to address discrimination.

The Greek-Australian community celebrates the visit of the Hellenic Presidential Guard, marking Orhide, a day of remembrance for Greece's resistance during World War II. The ceremonial unit participates in commemorative events in Canberra and Sydney, showcasing their traditional attire and iconic marching style. Meanwhile, Cricket Australia faces a financial setback due to the impact of two short test matches last summer, which cost the organization $20 million, despite reporting a surplus for the year.

Inflation likely to remain high for some time yet, Exit polls in Israel show no overall winner in the general election, Those two short tests last year cost Cricket Australia millions of dollars