The RBA hoped this year’s three interest rate rises would tame inflation – but nothing is going their way

Intelligence summary

The breakdown of the US-Iran ceasefire, rising oil prices and the explosion in data centre investment are making the central bank’s task harder Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast For five years the Reserve Bank has been trying to wrangle inflation back to its 2.5% target, and for years it has essentially failed. The result is a cost of living crisis that has generated intense community grievance. Continue reading.