Describing the latest decision as very balanced and very well-signalled to the market, Eser said the Reserve Bank was clearly trying to stick to the middle road of attempting to control inflation while remaining very aware of the impact of tightening.
Black Swan events and global recessionary headwinds aside, the various domestic risks are well-documented but, as Anton reminded listeners, nobody knows what is going to happen.
Still, looking at all the data available, a global recession looks very likely; the question now seems to be how deep and how long.
Listen to the podcast to hear these two experts look at the various variables.
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