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Steven Hail, Adjunct Associate Professor, Torrens University Australia

Central banks hunt in packs. Here's why ours ought to be wary about lifting the cash rate

Inflation Reserve Bank Interest Rates

Japan Ministry of Finance/Shutterstock.

The Reserve Bank’s cash rate is in the news, and in an unwelcome way for the first time in 11 years.

After a decade in which Australia’s central bank has only moved its cash rate in one direction (down) while trying to ignite inflation, it is now poised to push its cash rate up in a bid to douse those flames.

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