RBA caught between inflation spike and mortgage pain

In this episode of the Relative Return Insider podcast, AMP chief economist Shane Oliver joins host Keith Ford to unpack the latest Australian CPI print, with inflation higher than expected and above the RBA's prior forecasts.

Despite a strong consensus among economists and money markets for a near-term rate hike, Oliver argues this meeting is a close call and there are certainly arguments that the RBA would be better off holding rates to gather more data.

Tune in to hear:

Why the RBA is constrained to using the blunt instrument of rates decisions.

The ongoing relationship between geopolitical risk and the surging price of both precious and industrial metals.

How US political volatility is impacting the Aussie dollar.