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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

Welcome to The Australian's live politics blog, Politics Now, covering the latest from Canberra and around the country. 

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Patrick Commins
Patrick ComminsEconomics Correspondent

Patrick Commins is The Australian's economics correspondent, based in Canberra. Before joining the newspaper he worked for more than a decade at The Australian Financial Review, where he was a columnist and senior writer. Patrick was previously a research analyst at the Australian Prudential Regulation Authority.

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