Why does the RBA keep hiking interest rates? It's scared it can't contain inflation
- Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
ShutterstockThere are signs inflation pressures are easing. Oil prices are down almost 20% on their peak in March. They’ve been falling consistently for a month.
The average capital city unleaded price is down from A$2.11 per litre in early July to a more bearable $1.74.
The money market is pricing in much lower inflation than we presently...
Read more: Why does the RBA keep hiking interest rates? It's scared it can't contain inflation
