Oil shock versus recent rate hikes

This week we get the minutes from the RBA board meeting, where four members voted against an interest rate hike. As the oil price shock worsens, hitting many aspects of the economy - could those four members have had the right idea? Michael Thompson is joined by economist Stephen Koukoulas to discuss, and also look at the rest of the week for the economy: building approvals, house prices, and job vacancies.

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