Episode 28: Tuesday 7th June 2022
Has the RBA hit panic mode?
With rates on the rise, higher inflation and wages below expectation, has Australia’s central bank panicked by hiking rates by 50bps, the largest monthly move in over 20 years? The RBA’s charter is to ensure the economic prosperity and welfare of the Australian people, which increasingly appears to be being overlooked in favour of an inflation target that isn’t easily achievable without causing recession.
Darren and Chris discuss this and more in episode in episode 28 of The Rate Debate.