Political point scoring over latest RBA rate rise won’t help those feeling the ‘painful squeeze’
by Peter Hannam from on (#6C2RE)
How high must rates go to choke inflation? Blaming Labor's budget, price-gouging businesses or the national wage increase isn't an answer
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%.
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