An inflation-targeting framework being pursued in Australia relies on information on inflation that is already out of date by the time it is used to make crucial decisions, Warwick McKibbin writes.

Australia’s high inflation rate remains a “significant concern” for the RBA Shadow Board at The ANU, which has voted in favour of a second successive rise in interest rates.

This week on Policy Forum Pod, Warwick McKibbin and Kristen Sobeck join us in the first episode of our new mini-series on the social impacts of rising costs of living and the inflation crisis.

As it looks to tackle rising inflation, the Reserve Bank must be wary of raising interest rates too far and too quickly in the precarious global supply environment, Warwick McKibbin writes.

On this episode of Democracy Sausage, Peter Martin joins Mark Kenny to unpack the latest economic update to the nation, and challenges ahead for the Australian and global economy.