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	Podcast:		ABC News Daily
	Episode:		The rate rise no PM can stop
	Category:		News & Politics
	Duration:		00:10:51
	Publish Date:		2022-04-12 18:00:00
	Description:		While our political leaders fight it out over who can better manage the economy, nothing either side does now will stop the financial pain many homeowners could be enduring by the end of the year. Official interest rates could rise at least four times this year, and in the worst-case scenario they could go up 12 times by the middle of 2023. Today, the ABC's business editor Ian Verrender on why there's also a risk the economy could be plunged into recession, which would affect everyone. Featured: Ian Verrender, ABC business editor Editor's note, 19 May 2022: This discussion incorrectly referred to the official cash rate as being 'around 0.6 percent'; the correct rate is 0.06 percent.
	Total Play:		0