I’m not one of them, and here’s why another rate rise would hit the wrong target entirely. The Reserve Bank Governor Michele Bullock has apparently given a strong hint that interest rates will go higher, which makes August 11 a live date for another hike. Former federal treasurer and Prime Minister, Paul Keating, has consistently argued that the RBA is “late to the party” in making rate cuts. And given all interest rate rises work negatively to depress demand with what economists call “a lag”, which can be longer than six months for lots of real world reasons, since February we’ve had six rate rises via the RBA, Chalmers and the Trump-Iran war. So, on a day when we get the latest CPI take on inflation and we take on board what I’ve revealed above, I hope the RBA Governor is simply talking tough to possibly avoid another potentially wrong rate rise.