The RBA hoped this year’s three interest rate rises would tame inflation – but nothing is going their way

The breakdown of the US-Iran ceasefire, rising oil prices and the explosion in data centre investment are making the central bank’s task harderFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastFor five years the Reserve Bank has been trying to wrangle inflation back to its 2.5% target, and for years it has essentially failed.The result is a cost of living crisis that has generated intense community grievance. Continue reading...

This story was originally reported by The Guardian Australia. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.