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Interest rates rise as inflation stays stubborn
Original: Interest rates rise while inflation remains stubborn. What can the government do? | ABC NEWS
Australian interest rates have increased again despite hopes that inflation was cooling, prompting debate about what policy options remain for the government. Economists question whether fiscal measures or further monetary tightening can bring prices under control, while households face higher borrowing costs. The ABC News discussion examines the tension between the Reserve Bank's fight against inflation and the government's political and economic room for manoeuvre.
Why now: A fresh rate rise amid persistent inflation directly affects mortgages and household budgets, drawing wide attention.
ABC News (Australia)Reserve Bank of AustraliaAustralian government
Evidence
- Interest rates rise while inflation remains stubborn. What can the government do? | ABC NEWS · ABC News (Australia) · 50.8K
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