RBA needs sharp tools not a rates blunt axe

Australia's Reserve Bank governor expressed frustration that interest rates are her only tool to combat inflation, prompting debate about alternative policy approaches. Critics argue rate hikes disproportionately harm households and businesses while failing to address systemic cost pressures like utilities and insurance. Economists and policymakers are exploring alternatives, including targeted levies and government intervention on essential service pricing.

Summary by Glance · SMH