Sherelle Murphy
Oceania Chief Economist for EY and former Reserve Bank staffer, offering macroeconomic commentary on inflation, interest rate transmission and risks to growth.
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Mar 19, 2026 • 30min
Did the RBA just choose recession?
Sherelle Murphy, EY Oceania Chief Economist and former central banker, and Gianni La Cava, ex-RBA research manager turned policy analyst, unpack why the central bank raised rates despite recession risk. They sift petrol’s outsized role in inflation. They debate board splits, transmission limits when government services swell, mortgage buffers and whether another hike is likely.
