About the episode
The Reserve Bank of Australia has increased the official cash rate by 25 basis points for the second consecutive month, adding almost $3,000 to the average Australian borrower's annual mortgage costs. Economists predict one or two additional rate hikes may follow, with the Middle East conflict driving oil prices higher and contributing to inflation pressures. Dr Christian Bayliss from Fort Lake Asset Management warns that sustained oil prices above $100 could reduce economic growth to just 1%, bringing Australia dangerously close to recession.See omnystudio.com/listener for privacy information.
