The Reserve Bank is set to abandon its commitment to keep official interest rates close to zero until 2024 as inflation begins to run hot. While most economists tip rates will rise later this year, economist Stephen Koukoulas says a rate rise before the federal election can’t be ruled out. ABC’s Peter Ryan says the RBA is independent is government and has a mandate to tame inflation regardless of politics.
Featured: Stephen Koukoulas, economist; Peter Ryan, ABC.