RBA risks a recession as interest rates skyrocket again

Posted 1 hour ago by

Sky News Australia

Eminence Advisory Dimitri Burshtein believes Australia is at risk of a recession, following the RBA’s decision to lift the cash rate to 4.35 per cent. “She [RBA governor] was probably cautious because she doesn't know what’s going to be in next week’s budget,” Mr Burshtein told Sky News host Chris Kenny. “If rumours prove true, that it’ll be a high-taxing, high spending budget, that will not only put upward pressure on interest rates, but it will put downward pressure on economic growth.”