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Politics news latest: New inflation target could see rates rise

The Reserve Bank board has set a tough inflation target of 2.5pc under a new pact with Jim Chalmers that economists fear could result in further interest rate rises.

Treasurer Jim Chalmers with RBA governor Michele Bullock. Picture: Aaron Francis / The Australian
Treasurer Jim Chalmers with RBA governor Michele Bullock. Picture: Aaron Francis / The Australian

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Original URL: https://www.theaustralian.com.au/nation/nation/politics-news-latest-employer-fury-at-burkes-ir-deal-with-crossbench/live-coverage/9723e38ad7d032e3d92fef917e4d8a80