inflation

  • Why Does the RBA Keep Raising the Cash Rate?

    Why Does the RBA Keep Raising the Cash Rate?

    Pushing up interest rates isn’t something the Reserve Bank does lightly. But what’s worrying the Reserve Bank – and why it increased interest rates for a record seventh consecutive month on Melbourne Cup Tuesday – is that inflation seems to become completely detached from the bank’s target band. That target band of 2-3% was introduced…