Did Anthony Albanese just cement a third interest rate hike in May by cutting the fuel excise?

Injecting $1.5bn via petrol subsidies into an inflated economy may change things for the Reserve Bank board at its next meeting Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Economists will say that what millions of motorists gain in cheaper fuel through the prime minister’s three-month fuel excise cut, they will lose in more expensive mortgages. It may be good politics, but injecting $1.5bn via petrol subsidies into an econom