Another RBA rate rise won’t fix inflation – it will just smash households already hit by soaring fuel costs (opens in new tab)

The latest ABS consumer price index figures show just how pointless hiking interest rates would be at dealing with inflation. But raising rates is baked into the Reserve Bank’s DNAGet our breaking news email, free app or daily news podcastWith the release of the March inflation figures on Tuesday showing a big jump, the likelihood of a rate rise next week has become all but certain. Admittedly it was all but certain before the release of the figures, because the Reserve Bank is determined to ...