NewsBite

Opinion

Cherelle Murphy

Real interest rates must rise to finish the job

The Reserve Bank will have to go much harder to rein in inflation.

Cherelle MurphyEconomist

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

The Reserve Bank of Australia’s nine-month campaign to rein in inflation is only just touching the sides.

The cash rate is 3.35 per cent, but the real – inflation adjusted – cash rate is negative, by our estimates about minus 3.2 per cent, because inflation is way higher than the RBA’s policy rate.

Loading...

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Economy

Fetching latest articles

Most Viewed In Policy

    Original URL: https://www.afr.com/policy/economy/real-interest-rates-must-rise-to-finish-the-job-20230209-p5cj5n