It’s been nearly two decades since Australians have felt the sting of interest rates this high.

Reserve Bank governor Michele Bullock says persistent inflation has forced the RBA to hike the official cash rate for the fifth time this year.

But some experts fear the bank may have gone too far – risking tipping Australia into a recession.

Today, Australia Institute chief economist Greg Jericho discusses why the RBA may have got it wrong, and the big corporate inflation-driver no one seems to be talking about.

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