Interest Rates are Sky-High, Who's to Blame?

Australians are doing it tough at the moment, with cost of living soaring, real wages falling at a record pace, and the RBA’s nine back-to-back interest rate rises only making things harder, all in the name of reducing inflation. Some commentators are warning of a ‘wage price spiral’. But what is really driving inflation? This week we're speaking to Policy Director at the Centre for Future Work and economist Greg Jericho, to learn what exactly is to blame. This was recorded on Tuesday 28th February 2023 and things may have changed since recording. The Australia Institute // @theausinstitute Speaker: Greg Jericho, Policy Director, Climate & Energy Program, the Australia Institute // @GrogsGamut Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebony_bennett Producer: Jennifer Macey // @jennifermacey Edited by: Emily Perkins Theme Music: Pulse and Thrum; additional music by Blue Dot SessionsSupport Follow the Money & the research powerful interests fear: https://theaus.in/4vs6XeOSee omnystudio.com/listener for privacy information.