Yesterday afternoon, the Reserve Bank of Australia lifted rates for the third time in three months – raising the cash rate by a full 50 basis points to 1.35%.

The rise will lift interest rates to their highest levels in years and put more pressure on household budgets, but it’s something the RBA says is necessary to bring down inflation.

However, the RBA’s decision comes just as questions are being asked about how the institution is working, and whether it’s acted too slowly in the past.

Today, national correspondent for The Saturday Paper Mike Seccombe on why the Reserve Bank is so secretive, and the push to change it.




Guest: National correspondent for The Saturday Paper, Mike Seccombe.

Yesterday afternoon, the Reserve Bank of Australia lifted rates for the third time in three months – raising the cash rate by a full 50 basis points to 1.35%.The rise will lift interest rates to their highest levels in years and put more pressure on household budgets, but it’s something the RBA says is necessary to bring down inflation.However, the RBA’s decision comes just as questions are being asked about how the institution is working, and whether it’s acted too slowly in the past.Today, national correspondent for The Saturday Paper Mike Seccombe on why the Reserve Bank is so secretive, and the push to change it. Guest: National correspondent for The Saturday Paper, Mike Seccombe.

An independent daily news show. We feature the country’s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

An independent daily news show. We feature the country&rsquo;s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

A daily news show from the publisher of The Monthly and The Saturday Paper.

A daily news show from the publisher of The Monthly and The Saturday Paper. Hear from the country’s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

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