The latest Australian inflation figures showing strong prices growth in the past six months have once again put interest rate rises into the frame. A rate rise during a May election campaign is raised as a possibility, but the Reserve Bank might be a lot less willing to move than speculators believe.
This year, inflation has been all the economic rage. In America, questions about it led to US president Biden referring to a Fox News journalist as a “dumb son of a bitch” while here in Australia we are at a point where, if the market is to be believed, a rate rise could occur by May.
