Interest Rates, page-3

The reason the RBA won't raise interest rates to where they need to be to actually fight inflation is this government have racked up over 1$Trillion debt. Any rise in interest rate and the government will find it even more difficult to pay down the debt. Also Australians are up to their eyeballs in housing debt with the property market a massive bubble on the verge of collapsing.
Today ScoMo announced he wants to see Australians pay more for property with less deposit in an attempt to keep the bubble inflated. Kick the can down the road and the bubble inflated no matter who gets hurt when this bubble bursts, and it can't be far off.
The other reason is the government want high inflation because their tax receipt go through the roof and they have a callus disregard for the average working Australian that has to pay higher prices for every day items.