WHY is the RBA adding on to my cost of living?

<div>Whoa that was a shock! An RBA rate hike of 0.5% in June. Even the economists are shocked! This episode looks at the Reserve Bank's game plan - to fight inflation because it doesn't want it to get out of control. But there's a fall out - we dive into what that looks like. And we've got the latest forecasts on what the RBA will do next. Plus - how many of us are actually in mortgage stress and is a 'Recession' on the cards - we break down some myths. Also - did the nation's Energy Ministers come up with a plan to help surging power bills? Barrenjoey Chief Economist <a href="https://www.linkedin.com/in/jomasters1/" target="_blank">Jo Masters</a> and CommBank Senior Economist <a href="https://www.linkedin.com/in/belinda-allen-1b322134/" target="_blank">Belinda Allen</a> join Gillian to discuss. Find out more about Gillian <a href="https://linktr.ee/GillianHBowen" target="_blank">here</a>. And don't forget to FOLLOW, RATE and REVIEW the pod in your pod app.</div>