Australia's Inflation and Interest Rates: The Cost of Adjustment

In this video, we explore the complex relationship between inflation and interest rates in Australia. With underlying inflation on the rise, the Reserve Bank's actions are in focus. We discuss the potential need for a higher unemployment rate to curb inflation, the impact of wage growth on businesses, and the debate around price controls. Will the RBA's efforts be enough to bring inflation back to target? Stay tuned to understand the economic adjustments ahead.