It’s been nearly two decades since Australians have felt the sting of interest rates this high.

Reserve Bank governor Michele Bullock says persistent inflation has forced the RBA to hike the official cash rate for the fifth time this year.

But some experts fear the bank may have gone too far – risking tipping Australia into a recession.

Today, Australia Institute chief economist Greg Jericho on why the RBA may have got it wrong, and the big corporate inflation-driver no one seems to be talking about.

 

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Guest: Australia Institute chief economist, Greg Jericho

Photo: AAP Image/Dean Lewins

It&rsquo;s been nearly two decades since Australians have felt the sting of interest rates this high.
Reserve Bank governor Michele Bullock says persistent inflation has forced the RBA to hike the official cash rate for the fifth time this year.
But some experts fear the bank may have gone too far &ndash; risking tipping Australia into a recession.
Today, Australia Institute chief economist Greg Jericho on why the RBA may have got it wrong, and the big corporate inflation-driver no one seems to be talking about.
&nbsp;
If you enjoy 7am, the best way you can support us is by making a contribution at <a href="http://7ampodcast.com.au/support">7ampodcast.com.au/support</a>.
&nbsp;
Socials: Stay in touch with us on <a href="http://www.instagram.com/7ampodcast">Instagram</a>
Guest: Australia Institute chief economist, Greg Jericho
Photo:&nbsp;AAP Image/Dean Lewins

An independent daily news show. We feature the country’s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

An independent daily news show. We feature the country&rsquo;s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

Is the RBA fighting the wrong inflation problem?

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/f076ec6a-2a81-47f7-9ef1-b4f700398a1b/transcript