Forget the inflation blame game – politicians should let the RBA get on with its job | Saul Eslake

The war in the Middle East and ‘excessive’ levels of government spending have contributed to the rebound in inflation and interest rates in AustraliaFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAs universally expected by economists and financial markets, the Reserve Bank of Australia’s monetary policy board on Tuesday lifted its cash rate by 25 basis points to 4.6%, the highest level since October 2011 (at the peak of the mining