No pain, no gain - inside the first of many interest rate rises this year
Episode description
Nine months in a row of interest rate hikes. We've got the lowdown on why the Reserve Bank isn't shying away from making plenty of households uncomfortable while it tries to bring down high inflation. We explain why the RBA is ok with that, and where to look to see if the multiple rate rises (and the upcoming ones) are working. Plus, there's an update on unemployment on Thursday. The labour market is really tight - how will what happens impact the next RBA decision. We dive into what would be the RBA's nightmare scenario. Also what are the chances of receision and will you feel it? Peter Munckton, Bank of Queensland Chief Economist and Emma Grey, Manager Economics at Impact Economics join Gillian to explain.
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