RBA Raises Cash Rate Target 25 Basis Points to 2.85%

The transcript discusses the economic situation with a focus on inflation, GDP growth, and unemployment rates. It highlights the central bank's approach to rate hikes, emphasizing data dependency and the impact on the housing market. The discussion also covers global economic factors, including supply chains and commodity prices, and the challenges faced by central banks in balancing inflation control with economic growth.

What is the current inflation rate mentioned in the text?

How does the RBA view the future of rate hikes according to the text?

What concerns are raised about the housing market in relation to rate hikes?

What factors are influencing the RBA's decision-making process?

What are the three metrics the RBA is looking at regarding the global economy?