RN Breakfast - Separate stories podcast Folgen

Both the economy and the energy markets are proving to be a challenging mix for the new Labor Government. The chief political correspondent with The Financial Review, Phil Coorey, joins RN Breakfast to discuss the latest developments in federal politics.

RBA Governor Philip Lowe says the bank will do whatever it takes to lower inflation, which he says will now top 7% this year. Economist and former RBA board member Warwick McKibbin says the official cash rate will have to rise above 3% to get the job done.

AEMO is now warning that five states face power shortages, SA Premier Peter Malinauskas says that the current crisis has shown that the nations market structure is broken. He says repeated policy failures have compromised the nation and that SA will pursue state owned generation via what he says will be the world's largest hydrogen-electrolyser.