Consumers slamming on brakes says UBS; Andrew Bragg warns it would be a mistake to axe Philip Lowe

It's taken a while despite 12 interest rate rises since May last year, but investment bank UBS there are growing signs that Australian consumers are close to their breaking point. But will that stop the Reserve Bank for delivering even more rate rises? Also, NSW Liberal senator Andrew Bragg warns the expected axing of RBA governor Philip Lowe during a hiking cycle could damage the central bank's independence.