What factors contribute to the Reserve Bank raising interest rates in Australia and why do they keep doing it?

Answer 1

Anything that might effect the Consumer Price Index C.P.I
The price of fuel
fruit & vegs
groceries
housing etc
Imports & Exports

& by putting interest rates up
they hope to control the Inflation Rate
meaning you go to a shop one day with a $1 & buy 2 lollies
& the next day you go to a shop with $1 & you can only buy 1 lollie :)

Answer 2

to curb consumer spending and investment - australian economy has been doing pretty well these past few years hence they need to control the aggregate demand (through monetary policy).
if they didnt raise the rates then it will lead to an even higher inflation and this will hurt australia's exports as well as increase the imports.

Answer 3

I wouldn't have a clue but I know who I am voting for this year. Definitely not the idiots that are in now