Rising unemployment would be ‘worst-case scenario’ from cash rate hike

Sky News Business Editor Ross Greenwood says the “the worst-case scenario” resulting from rising interest rates would be an increase in unemployment.

“One of the problems of raising interest rates to quell inflation is you might create more inflation,” he told Sky News

host Peta Credlin.“Australia – despite this big rate rise today – is still behind the curve in regards to quelling inflation.”

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