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AAP
AAP
Business
Will Nicholas

EXPLAINED: Middle east or money wasters inflation mud fight grows | Vintage Vibes

Treasurer Jim Chalmers rejects claims the government had been spendthrift, helping stoke inflation. (Jason O'BRIEN/AAP PHOTOS)

Who's responsible for making mortgages dearer will be the subject of a vicious political tussle over what's triggering Australian inflation.

The RBA's benchmark borrowing rate hit 4.6 per cent - its highest in nearly 15 years - in a decision by the Reserve Bank on Tuesday.

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