Why is the RBA obsessed with inflation?

Interest rates are now at the highest rate in 18 years, after the RBA hiked the cash rate, raising it to 4.85%.

The reason?

"Inflation is too high," RBA governor Michele Bullock says.

Business reporter David Taylor explains why the RBA is so focused on inflation, and what it looks like when inflation is too high or too low.

Interest rates are now at the highest rate in 18 years, after the RBA hiked the cash rate, raising it to 4.85%.

"Inflation is too high," RBA governor Michele Bullock says.

Business reporter David Taylor explains why the RBA is so focused on inflation, and what it looks like when inflation is too high or too low.

Topic: Business, Economics and Finance

Topic: Business, Economics and Finance

Topic: Business, Economics and Finance

Topic: Business, Economics and Finance