The RBA has made one of its most controversial calls in recent years - and this rate rise may not age well

Michele Bullock says high inflation hurts everyone, but there still seems to be an extraordinary level of complacency about potential fallout from the US-Israel war on Iran Get our breaking news email, free app or daily news podcast The Reserve Bank has made some controversial calls over recent years, but hiking interest rates in the middle of a historic global energy shock is right up there. If this Middle East conflict lasts for months, not weeks, and drags the world and our economy down,...

By Patrick Commins