Inflation a real and present danger stoking rate rise risk, Reserve Bank warns

The Reserve Bank has signalled that inflation remains a clear and present danger to the economy and another interest rate rise can't be ruled out. In considering whether to inflict another rate hike on households, the RBA Board noted that inflation was "still too high" and "was expected to remain so for an extended period". Reporter: Peter Ryan, Senior Business Correspondent Featured: Michele Bullock, Reserve Bank governor