More interest rates pain as Reserve Bank inflation fighting campaign accelerates

The Reserve Bank has delivered on bets by raising the cash rate by 0.25 percentage points to 4.1 percent.

RBA governor Philip Lowe warns while inflation has peaked, at 7 percent on the most recent quarterly reading it's still too high.

Here's coverage on ABC News Channel with colleagues Alicia Barry and Ros Childs

Here's my breaking news coverage for the Perth edition of The World Today