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The inflation in Australia is currently sitting at 6.1%. Many believe it is because of the expansionary stance adopted by the Australian government during the

The inflation in Australia is currently sitting at 6.1%. Many believe it is because of the expansionary stance adopted by the Australian government during the pandemic. Some experts even opine that inflation could rise further given the uncertainties prevailing worldwide especially the fuel price hike because of Russia-Ukraine war and OPEC-US rivalry. This being the case, do you justify another rise in cash rate? What is your ideal level of cash rate to control inflation and why?

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