Blame Putin. Or the war in Iran. Or someone. That, according to our Treasurer, is the cause behind the Australian central bank citing heightened inflation levels. The Bank has just tightened monetary policy based on such concerns.

The Bank governor came out publicly to rebut the Treasurer. I expect the atmosphere in a Canberra meeting room when those two are next present will be frostier than that during a compulsory unconscious bias training session. The Treasurer is a hapless buffoon, but he combines his buffoonery with an iron clad sense of being right about everything. A dangerous mix.