Luke speaks with Warren Hogan, the Managing director of EQ Economics and economic adviser to Judo Bank, following the Reserve Bank of Australia raising its official interest rate to 4.1% yesterday, the highest since early 2012. 

Concerned about lingering inflation, the bank increased the cash rate target by 0.25% for the second consecutive month. 

According to the latest consumer price index from the Australian Bureau of Statistics, prices rose 6.8% year-on-year until April, attributing the increase partly to statistical fluctuations caused by last year's temporary fuel excise cut.

Luke speaks with Warren Hogan, the Managing director of EQ Economics and economic adviser to Judo Bank, following the Reserve Bank of Australia raising its official interest rate to 4.1% yesterday, the highest since early 2012. 
Concerned about lingering inflation, the bank increased the cash rate target by 0.25% for the second consecutive month. 
According to the latest consumer price index from the Australian Bureau of Statistics, prices rose 6.8% year-on-year until April, attributing the increase partly to statistical fluctuations caused by last year's temporary fuel excise cut.

Australia Overnight with Mike Jeffreys, 12am – 4am weekdays.

Wake Up Australia, 4am - 9:30am weekdays.

Australia Overnight with Mike Jeffreys, 12am – 4am weekdays.
Wake Up Australia, 4am - 9:30am weekdays.

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