Governor Michele Bullock has
defended the Reserve Bank’s 13 interest rate hikes to fight inflation, arguing
Australia’s most vulnerable have been hit hardest by surging prices.
Her comments come just days
after Treasurer Jim Chalmers accused the central bank of “smashing the economy”
with rate hikes.
Ms Bullock warned that young,
less educated and lower income households would be hurt further if the battle
against inflation takes longer than expected.
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