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Finance Minister's message to households following interest rate increase
The Reserve Bank has increased the cash rate to 3.85%, in its first rate rise in more than two years.
It's also forecasting underlying inflation to peak at 3.7% in the middle of this year.
Key business have called for more disciplined government spending to help reign in inflation.
- GUEST: Katy Gallagher, Minister for Finance
- PRODUCER: Isadora Bogle
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By ABC Australia
4
1313 ratings
The Reserve Bank has increased the cash rate to 3.85%, in its first rate rise in more than two years.
It's also forecasting underlying inflation to peak at 3.7% in the middle of this year.
Key business have called for more disciplined government spending to help reign in inflation.
- GUEST: Katy Gallagher, Minister for Finance
- PRODUCER: Isadora Bogle
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