{"id":422825,"date":"2026-05-03T05:25:08","date_gmt":"2026-05-03T05:25:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/422825\/"},"modified":"2026-05-03T05:25:08","modified_gmt":"2026-05-03T05:25:08","slug":"the-reserve-bank-of-australia-must-raise-interest-rates-to-ward-off-stagflation","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/422825\/","title":{"rendered":"The Reserve Bank of Australia must raise interest rates to ward off stagflation"},"content":{"rendered":"<p>If Paul Keating walked into a pet shop today, he might find the resident galah squawking about <a href=\"https:\/\/www.afr.com\/property\/residential\/australia-faces-major-major-slowdown-stockland-ceo-gupta-warns-20260428-p5zrmz\" rel=\"nofollow noopener\" target=\"_blank\">stagflation<\/a>, the combination of high inflation and weak growth.<\/p>\n<p>There\u2019s no doubt inflation is too high. Over the year to March, petrol prices fuelled the already elevated domestically driven inflation to<a href=\"https:\/\/www.afr.com\/markets\/debt-markets\/two-more-rate-rises-ahead-as-inflation-pain-grips-australia-20260428-p5zrru\" rel=\"nofollow noopener\" target=\"_blank\"> 4.6 per cent<\/a>. And this follows inflation that hit 8 per cent in the post-pandemic party.<\/p>\n<p>Loading&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"If Paul Keating walked into a pet shop today, he might find the resident galah squawking about stagflation,&hellip;\n","protected":false},"author":2,"featured_media":422826,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-422825","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/422825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=422825"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/422825\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/422826"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=422825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=422825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=422825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}