Mike is joined by Barry Urquhart, Consumer Behaviour Analyst and Managing Director of Marketing Focus, who says the RBA’s language about the economy is confusing and unhelpful.

He argues the bank’s explanation for raising interest rates has left Australians unsure what it really means for their money, confidence and spending.

Barry says unclear wording creates fear and frustration, and business leaders need clarity and courage to respond in an uncertain and chaotic economic environment.