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Reserve Bank monitors upcoming inflation figures amid efforts to curb prices, explains Alan Kohler
By ABC NEWS (Australia)Published : July 15, 2024 - 10:55
The Reserve Bank will be closely monitoring inflation figures due later this month as it continues its efforts to bring prices down. Higher interest rates are intended to slow inflation by making borrowing more expensive and thereby curbing spending. However, as Alan Kohler explains, some spending isn't a matter of choice at all.