Interview: "A lot of households are going to feel the pinch very quickly"

The board of the Reserve Bank yesterday increased the official cash rate by another 50 basis points. But the announcement came with some interesting language from RBA Governor Philip Lowe about the balancing act required to get inflation under control without harming the economy.

Gareth Aird, Head of Australian Economics at Commonwealth Bank, tells Sean why he believes we can avoid a recession.

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