The Reserve Bank has raised the cash rate again — its fourth rate rise this year — and warned of the potential for another in November.
The Bank has indicated this was coming, driven by persistently high inflation and the impact of fuel price rises caused by the war in the Gulf.
This is the acute political point — is the government responsible for failing to rein in spending or is it, as the Treasurer has emphasised, Australia carrying the can for Donald Trump's war?
Tim Wilson is the Shadow Treasurer and spoke to 7.30's Sarah Ferguson. Plus, David Speers shares his analysis.
0:00 - Tim Wilson interview
8:00 - Analysis with David Speers
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