“Inflationary bear got out of the cage”: last year the RBA “slept at the wheel”

NSW One Nation leader Mark Latham says the Reserve Bank of Australia was “asleep at the wheel” at the end of 2021.

“I’m surprised there’s no more criticism,” he told Sky News anchor Chris Smith.

“The fact that the Reserve Bank has not acted here before means that we will have more and more interest rates as a result.

“The lesson for the government is that the inflationary bear is out of its cage, it’s enemy number one in economic policy, and we need to get federal and state budgets under control.”