Interest rate rise ends two-year pause
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Show notes
The Reserve Bank of Australia has ended a two-year hiatus by raising interest rates to 15 per cent, sparking a fierce political debate over whether government spending or private demand is fuelling persistent inflation. While the Treasurer defends the budget and points to external pressures, the Opposition and the Greens argue that current policy settings are punishing everyday Australians and ignoring alternative economic levers.
