Opinion
Interest rates are the only tool for managing inflation
Economists are looking for other ways of braking inflation. But the impact of interest rates on housing costs is still the most reliable means.
Luke Hartigan and Stella HuangfuThe latest data from the Australian Bureau of Statistics revealed a 1 per cent increase in prices during the March quarter, pushing the annual inflation rate to 3.6 per cent. Economists had anticipated a milder 0.8 per cent increase for the quarter and a 3.5 per cent annual inflation rate.
The higher-than-expected inflation figure has sparked anticipation for a possible interest rate rise at Tuesday’s Reserve Bank of Australia meeting.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Economy
Fetching latest articles