Motley Fool Chief Investment Officer Scott Phillips says the Reserve Bank of Australia is not going to avoid a recession if the central bank thinks it needs to push inflation down.
RBA isn’t going to ‘avoid a recession’ if it thinks it needs to ‘push inflation down’
“I think we have this thought that the RBA will do whatever it can to avoid a recession – I don’t think that’s necessarily true, unfortunately,” he told Sky News Australia. “They will try to avoid a recession if they can, but, I think, if they’re faced with a recession or inflation, they will choose recession – not deliberately and not without other options.”
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