Haka you and I see alike on that. No amount of tightening...

Haka you and I see alike on that. No amount of tightening interest rate screws is going to bring oil prices or food prices down. Market forces of supply and demand are at work on a global scale. Supply is tight and demand is rising. These costs flow through to freight costs and grocery prices. Then there is the return of drought to eastern Australia. Bad harvests in Australia are one contributor to high grain prices worldwide but nothing Oz does can influence the oil price, or its flow on.
These interest rates are the highest in the OECD. Way, way out of line with our trading partners. RBOA is producing substandard performance these days.
"To a man who only has an axe, everything looks like a tree".
Old Japanese saying.