US inflation is surging and rates will rise in March, so how long can the RBA hold fire here? – ABC News

https://www.abc.net.au/news/2022-02-11/rba-governor-philip-lowe-inflation-interest-rates/100822078

… even stripping out big rises in the cost of energy and food, US inflation was still running at 6 per cent.

Both are the steepest annual increases in prices that American households have had to face in 40 years.

US borrowers are now facing another potential rise in their cost of
living, as their Federal Reserve plans to increase interest rates next
month for the first time since December 2018…

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