With the Reserve Bank poised to hike interest rates today, voters are increasingly pointing the finger at government spending rather than global headwinds. But with household budgets already stretched to breaking point, can Jim Chalmers tame inflation without triggering a recession?Guardian Australia economics editor Patrick Commins joins Reged Ahmad to unpack whether Labor is losing control of the economic narrative.Read more:Is the government really on an ‘out-of-control’ spending splurge? It’s complicatedAlbanese concedes savings needed as he faces internal Labor pressure on cost-of-living crisisElectricity, insurance and eggs: see how life in Australia has got more expensive Continue reading...
High inflation and interest rates: can Labor escape the blame? - podcast
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The Guardian - AustraliaBy Presented by Reged Ahmad with Patrick Commins. Produced by Taylah Strano and Camille Allen with sound design and mixing by Lu Hill. Hannah Parkes is the executive producer
EXECUTIVE SUMMARY
With the Reserve Bank poised to hike interest rates today, voters are increasingly pointing the finger at government spending rather than global headwinds. But with household budgets already stretched to breaking point, can Jim Chalmers tame inflation without triggering a recession? Guardian Australia economics editor Patrick Commins joins Reged Ahmad to unpack whether Labor is losing control of the economic narrative. Read more: Is the government really on an ‘out-of-control’ spending splurge?
Key Takeaways
- High inflation and interest rates: can Labor escape the blame?
- With the Reserve Bank poised to hike interest rates today, voters are increasingly pointing the finger at government spending rather than global headwinds.
- But with household budgets already stretched to breaking point, can Jim Chalmers tame inflation without triggering a recession?
Read Complete Original Article
Published originally on The Guardian - Australia
