Will inflation force the RBA’s hand on an interest rate rise? - a podcast by The Age and Sydney Morning Herald

The chances of a rate hike after next year’s federal election are growing after a surprise spike in inflation from record high petrol prices and surging home building costs.

The RBA says it expects to hold the official interest rates until at least 2024 but financial markets, which pushed the Australian dollar and bond rates up after the inflation figures, believe the RBA will push interest rates up.Today on Please Explain, senior economics correspondent Shane Wright joins Nathanael Cooper to make sense of the inflation conundrum.

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