The Problem With the RBA

"What's more important? 100,000 people in work or prices going up 5%. I mean, it's a question of your priorities, I reckon," he says. "I want to talk for Phil Lowe, but his point would be if we accept a world where prices are going up 5%, that will spiral into something that the RBA has to take rates much higher and kill a lot more jobs." He adds: 'The economists who are egging him to do two more rate hikes would say you're better off doing overkill now'