What you need to know about OCR, mortgage rates and recession threat

The Reserve Bank recently raised the Official Cash Rate by 75 basis points to 4.25 per cent - the highest rate since 2008.  The move is intended to target rising inflation and curb back spending, but it has big consequences for anyone with a floating mortgage rate. Today, Tamsyn Parker is joined by independent economist Tony Alexander to talk about his predictions of how high that could go, and if this recession will be as bad as what the country has seen before. See omnystudio.com/listener for privacy information.