ABC Nightlife: Will rate rises curb an Australian recession?
Roger joined Philip Clark on ABC Nightlife to discuss whether interest rates will succeed in staving off a recession and how much of an impact we can expect on house prices. Today, CPI inflation has risen to 6.1 per cent and underlying inflation is 4.9 per cent. These are the highest rates in many years. There is a real economic challenge coming for the newly minted federal government.
Are continual interest rate rises the right approach to curbing a national recession?
Listen to the podcast here: ABC Nightlife 13 September 2022