Warning August interest rates increase risks recession

9News

Lean Right

High Factuality

Warning August interest rates increase risks recession

Economists are warning Australia could be tipped into a recession if the Reserve Bank overreacts to higher-than-expected inflation during its meeting next month.The nation would already be on the verge of recession if not for the federal government's stage 3 tax cuts, a new report by Deloitte Access Economics says.Vital inflation figures from the June quarter will be released next month ahead of the RBA board's meeting on August 5 and 6.READ MOR…