Inflation insights

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Running Time: 8:36

Date: 01/08/2022

The Reserve Bank of Australia is in the spotlight as its board moves to combat inflation by hiking interest rates in spite of having promised not to do so. But can the bank have any real effect on inflationary pressures coming from outside Australia?

Melbourne University Economics Professor Neville Norman says the RBA needs to take its foot off the brake now or it will risk taking Australia into a recession. He offers advice to businesses on how to prepare.

Professor Neville Norman, Melbourne University