Nothing in reserve: households “smashed” by rate hikes

The Reserve Bank is home to the experts on monetary policy – but what happens when they get it wrong?
On this episode of Follow the Money, Greg Jericho and Matt Grudnoff join Ebony Bennett to discuss the latest GDP figures, the real drivers of inflation and how the Reserve Bank misread the state of the economy.
This discussion was recorded on Tuesday 10 September 2024 and things may have changed since recording.
Guest: Greg Jericho, Chief Economist, the Australia Institute // @GrogsGamut
Guest: Matt Grudnoff, Senior Economist, the Australia Institute // @MattGrudnoff
Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebony_bennett
Theme music: Pulse and Thrum; additional music by Blue Dot Sessions
We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to podcasts@australiainstitute.org.au.
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
Chalmers is right, the RBA has smashed the economy
In recent weeks the Treasurer Jim Chalmers has been criticised by the opposition and some conservative economists for pointing out that the 13 interest rate increases have slowed Australia’s economy. But the data shows he is right.
Who’s got a backbone? More mining malarkey | Between the Lines
The Wrap with Ebony Bennett Mining lobbyists descended on Canberra for the annual Minerals Week. On Thursday morning, the Minerals Council CEO Tania Constable described on Radio National what she sees to be the problem – policy interventions and the looming ‘threat’ of onerous environmental approvals: We’re seeing major changes in royalties at a state
“Smash and Grab”: Backwards Carbon Credits Logic Incentivises Native Forest Logging
Ongoing logging within the boundaries of the proposed Great Koala National Park threatens the survival of endangered species and contradicts conservation efforts, writes Stephen Long.