The RBA governor resorts to sport cliches on interest rates while stretched Australians try to keep up with costs

We now know that the central bank doesn’t think inflation will be back in its 2 to 3% target range until 2027Get our breaking news email, free app or daily...

By Patrick Commins Economics editor · The Guardian World

We now know that the central bank doesn’t think inflation will be back in its 2 to 3% target range until 2027 Get our breaking news email , free app or daily news podcast Higher inflation for longer is likely to rule out any further rate cuts, with the Reserve Bank’s latest set of economic forecasts pointing to a pretty dour 18 months ahead. The RBA monetary policy board surprised nobody on Melbourne Cup day when it held its cash rate target at 3.6%. Continue reading...