Tom Elliott’s alternative plan to curb inflation without raising interest rates

Australians are reeling after last week’s latest interest rate rise, which sees the current cash rate stand at 4.35 per cent.

It is the 13th rate hike since May last year and comes as the Reserve Bank of Australia tries to keep control of inflation.

After thinking about it over the weekend, Tom Elliott has presented an alternative plan which doesn’t see interest rates keep rising but seeks to still keep inflation in check.

Click PLAY to hear what the idea is!

“I think this is an idea which could work,” he said on 3AW Drive.