Luke speaks with Warren Hogan, Managing director of EQ Economics & economic adviser to Judo Bank, who is far from convinced that inflation has been dealt with following yesterday’s announcement from the RBA.

As reported, households can breathe a sigh of relief after the Reserve Bank board decided to hold interest rates steady at 4.1 percent.

The central bank has lifted interest rates 12 times since May last year, driving up monthly repayments on an average $600,000 mortgage by more than $1350, while about 800,000 borrowers with fixed-rate loans – set when interest rates were at record lows – are expected to transition into much more expensive loans through 2023.

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