‘This is a real worry’: Back-to-back RBA interest rate rise looms

​Pengana Capital CEO Russel Pillemer says inflation is “out of control” as a back-to-back interest rate increase looms. ​“This is a real worry,” Mr Pillemer told News24 host Sharri Markson. ​“There’s only really two main ways of getting inflation under control. Either the reserve bank raises rates, or alternatively the government takes action, and those actions are things like reducing government expenditure, improving productivity, reducing energy. ​“The government seems unwilling or unable to tackle the issues, and so leaving it to the reserve bank to raise interest rates.”