“A real smack in the face”: Did the RBA get it wrong?

<p>Australians are in for a world of pain, with mortgages and rents set to rise after our second interest rate hike in as many months.</p> <p>It was a line-ball decision from the Reserve Bank &ndash; with five members voting for a quarter of a percent jump and four against &ndash; putting our official cash rate at 4.1 per cent.</p> <p>RBA Governor Michelle Bullock says high inflation left them with no choice, but others have slammed the call.</p> <p>Today, Chief Economist …