The unevenness of rate hikes - why the RBA thinks it's worth it

Interest rates has been hiked again. This episode we take a look at the unevenness of the Reserve Bank's main tool to curb high inflation. How are mortgage holders coping and why the RBA is pushing ahead with short term pain, for long term gain. We explain another way to tackle inflation that's NOT interest rates, explain why house prices are rising in the face of rising rates, and why a slowing economy is a good news story. Plus - learn something new: we explain unit labour costs. Who cares you say? Well it's directly linked to you as a worker or as a business owner and the RBA is WATCHING it. ANZ Senior Economist Felicity Emmett and Westpac Group Senior Economist Pat Bustamante join Gillian to explain.

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