Australia could be facing one of the strongest El Niño events on record, bringing the risk of drought, bushfires and higher food prices. But the economic consequences could extend much further, adding to inflationary pressures at an already difficult time for the economy.

Sean Aylmer speaks with Paul Bloxham, Chief Economist for Australia, New Zealand and Global Commodities at HSBC, about the potential impact on agriculture, global food prices, insurance costs and government finances - and why another inflation shock could force the Reserve Bank to raise interest rates again.

Australia could be facing one of the strongest El Ni&ntilde;o events on record, bringing the risk of drought, bushfires and higher food prices. But the economic consequences could extend much further, adding to inflationary pressures at an already difficult time for the economy. Sean Aylmer speaks with Paul Bloxham, Chief Economist for Australia, New Zealand and Global Commodities at HSBC, about the potential impact on agriculture, global food prices, insurance costs and government finances - and why another inflation shock could force the Reserve Bank to raise interest rates again.

Business news you can use. A daily business news podcast with journalists Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Business news you can use. A daily business news podcast with journalists <a href="https://www.linkedin.com/in/sean-aylmer-9922068/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/sean-aylmer-9922068/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw0wu3ezGEfBZFYspJbTTaYL">Sean Aylmer</a>&nbsp;and&nbsp;<a href="https://www.linkedin.com/in/mcwthompson/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/mcwthompson/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw08pZ8jZ88rHJgCfbHkTr5k">Michael Thompson</a>.&nbsp;Find out more at&nbsp;<a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain%3Dfearandgreed.com.au/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw1DLq_FuqjEt3HC-ZK1704H">https://fearandgreed.com.au</a>

Fear and Greed is Australia's most popular business podcast.

FEAR & GREED | Business News

Daily business news for people who make their own decisions, with business journalist Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Daily business news for people who make their own decisions, with business journalist <a href="https://www.linkedin.com/in/sean-aylmer-9922068/">Sean Aylmer</a> and <a href="https://www.linkedin.com/in/mcwthompson/">Michael Thompson</a>. Find out more at <a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/">https://fearandgreed.com.au</a>

Q+A: Drought, food prices and the next inflation shock

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/8654987b-8720-4091-b184-b4e800c05a46/transcript