Well, that was a shock – an RBA rate hike of 0.5 per cent in June. Even the economists are taken aback.
This episode looks at the Reserve Bank’s game plan – to fight inflation because it doesn’t want it to get out of control. But there is some fallout. We dive into what that looks like. And we have the latest forecasts on what the RBA will do next.
Plus: How many of us are actually in mortgage stress and is a ‘recession’ on the cards – we break down some myths.
Also: Did the nation’s energy ministers come up with a plan to help surging power bills? Barrenjoey chief economist Jo Masters and CommBank senior economist Belinda Allen join Gillian to discuss the latest developments.
Find out more about Gillian here. And don’t forget to follow, rate and review the pod in your pod app.