RBA raises rates as persistent inflation outweighs labour market weakness
By Nerida Conisbee · Chief Economist The RBA has lifted the cash rate to 4.60 per cent despite rising unemployment. Here’s why the Bank took the risk, and whether this could be the peak for rates. The Reserve Bank has increased the cash rate by 0.25 percentage points to 4.60 per cent, responding to persistent inflation despite … […]