How high must rates go to choke inflation? Blaming Labor’s budget, price-gouging businesses or the national wage increase isn’t an answer
Get our morning and afternoon news emails, free app or daily news podcast
The Reserve Bank is all about “seeking to keep the economy on an even keel” as it cranks up interest rates to crush inflation – but the effect of multiple rate rises is anything but even.
The central bank again surprised most economists and investors on Tuesday by hiking its cash rate another 25 basis points to 4.1%.
About Author
More Stories
Germany election: far right surge is ‘last warning’, says Friedrich Merz
More than 150,000 Canadians sign petition to revoke Musk’s citizenship
BP expected to scrap renewables target in shift back to fossil fuels