Leading economist warns of a significant risk of recession if interest rates rise | The Business

The RBA Governor Michelle Bullock has flagged the board won't hesitate to increase interest rates, but critics say another hike would risk crashing the economy.
The Australia Institute Executive Director Richard Denniss says increasing interest rates is "dangerously unnecessary" and it's more important to avoid a recession than get inflation down to the RBA's target range of 2-3 per cent.
#ABCBusiness
Subscribe: http://ab.co/1svxLVE

ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.

For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1

Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook:   / abcnews.au  
Follow ABC News on Instagram:   / abcnews_au  
Follow ABC News on X (Twitter):   / abcnews  

Note: In most cases, our captions are auto-generated.

#ABCNews #ABCNewsAustralia