It’s the question of everyone’s lips. Will they or won’t they? The Reserve Bank of Australia is tipped to raise the nation’s official interest rates tomorrow thanks to a spike in inflation. If they do, it will be the first time in 12 years and a pre-election rate hike not seen since 2007. But some economists are urging the RBA to wait for more evidence of labour costs and  wages growth in mid-May before acting. 

But what does it all mean for you?  EY chief economist Cherelle Murphy joins Ben to explain.

It&rsquo;s the question of everyone&rsquo;s lips. Will they or won&rsquo;t they? The Reserve Bank of Australia is tipped to raise the nation&rsquo;s official interest rates tomorrow thanks to a spike in inflation. If they do, it will be the first time in 12 years and a pre-election rate hike not seen since 2007. But some economists are urging the RBA to wait for more evidence of labour costs and&nbsp; wages growth in mid-May before acting.&nbsp;
But what does it all mean for you?&nbsp; EY chief economist Cherelle Murphy joins Ben to explain.

If you enjoyed listening to The West Live for your daily news fix, then come and join us over on The Nightly Five.  Host Ben O’Shea continues to deliver punchy news and analysis, in a new podcast to get you in front of tomorrow’s news today!  Subscribe on your favourite podcast player and visit the thenightly.com.au

If you enjoyed listening to The West Live for your daily news fix, then come and join us over on The Nightly Five.  Host Ben O’Shea continues to deliver punchy news and analysis, in a new podcast to get you in front of tomorrow’s news today!  Subscribe on your favourite podcast player and visit the <a href="https://thenightly.com.au">thenightly.com.au</a>

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