Inflation and rising interest rates are pushing Australia towards a likely recession. And on the list of culprits, RBA governor Philip Lowe is very near the top.
Australia's latest burst of inflation is weird, and resistant to rate hikes. If the RBA isn’t careful, too many more rate hikes like this might help bring on a recession.
Suddenly we're talking about a recession that no one suspected a week ago, as lockdowns crush the economy. But the real impacts will be on monetary policy.
