Tom Elliott says three arms of government continue to work against each other in the battle to curb inflation.

The Reserve Bank announced on Tuesday that interest rates would once again stay on hold.

Tom says that while both federal and state governments keep spending on major projects, everyday Australians were suffering with stubbornly high interest rates.

Click PLAY to hear Tom Elliott’s full thoughts on how the Reserve Bank is dealing with inflation 

“The Reserve Bank is trying to slow things down and you have two other arms of governments spending money willy-nilly,” he said on 3AW Mornings.

“This is just stupid.”