PolicyEconomyInterest ratesOpinionRBA caught between falling house prices and rest of the economyThree key elements of domestic inflation pressure all showing persistence. The choice to hold tomorrow is a longer, harder road to low and stable inflation.Jo MastersEconomistEconomics is about choices, and those choices are never easy.There is also a natural tension between the choices made in the past, and the impact of those choices today. The RBA monetary policy board is now facing the tension created by these choices.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Latest In EconomyFetching latest articlesMost Viewed In Policy