It’s been nearly two decades since Australians have felt the sting of interest rates this high. Reserve Bank governor Michele Bullock says persistent inflation has forced the RBA to hike the official cash rate for the fifth time this year. But some experts fear the bank may have gone too far – risking tipping Australia into a recession. Today, Australia Institute chief economist Greg Jericho on why the RBA may have got it wrong, and the big corporate inflation-driver no one seems to be talking about. If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support. Socials: Stay in touch with us on Instagram Guest: Australia Institute chief economist, Greg Jericho Photo: AAP Image/Dean LewinsSee omnystudio.com/listener for privacy information.
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