The View | Drivers of the Australian household cost pressure crisis

In the latest episode of The View, John and Paul address concerns about the current state of the Australian economy, with a focus on inflation, interest rates and the housing market. They also discuss the big four banks’ pressure to lend money below their cost of capital as well as the shadow banking sector becoming vulnerable in the US and parts of Europe.

Please note: The RBA’s meeting on Tuesday 4th April was held after the recording of The View. The RBA announced on Tuesday that they would leave the official cash rate unchanged at 3.6%. After pointedly referring to recent banking volatility in the US and Switzerland, and a recent reassessment of the outlook for global interest rates, the RBA was content to pause and await developments. It added however that “The Board expects that some further tightening of monetary policy may well be needed to ensure that inflation returns to target. The decision to hold interest rates steady this month provides the Board with more time to assess the state of the economy and the outlook, in an environment of considerable uncertainty.”

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The View | Drivers of the Australian household cost pressure crisis

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