RBA expected to raise rates on Melbourne Cup Day, economics editor argues
Ross Gittins says fifth rate rise this year likely as inflation remains above target, criticises calls to blame government spending
The Reserve Bank is likely to raise interest rates for the fifth time this year on Melbourne Cup Day, according to Sydney Morning Herald economics editor Ross Gittins, who argues that the Albanese government should not bear sole blame for the inflationary pressure that is driving the rate rises.