Daniel James

Yeah, that's what I found quite confusing as a bit of a punter here, Richard.

What does getting ahead of it mean in terms of expectations?

Richard, in the last year, we've had three rate cuts and now three rate hikes, which is the fastest RBA easing to tightening in 15 years.

What do we read into that?

If we look at the cash rate scene globally, I mean, Australia is the outlier here.

Last week, the US Federal Reserve and the Bank of England both held rates.

Canada, Japan and the European Union were also going for a more of a wait and see approach.

they're feeling the global oil crunch too.

So why are we different?

What's the danger here to Australians and to the economy if the RBA goes too hard?

So what impact will this decision have on next week's budget?

It's a very difficult time for our Treasury, Jim Chalmers.

Does this make his job even more difficult?

Finally, is this it now or can we expect to see more hikes given the instability of the Iran situation, the long rebound time that is expected even when the war and the oil shock does come to an end?

Is this it or can we expect more?

What a time to be alive.

Richard Dennis, thank you for your time.

Thank you.

Also in the news, Pauline Hanson says she may step down from the Senate and run for the House of Representatives at the next election.

It comes after reports of infighting inside One Nation, after the party's candidate for this weekend's Farah by-election was revealed to have sought Labor pre-selection in the recent past.