The Reserve Bank of Australia announced a fifth interest rate rise of the year on Tuesday, lifting the cash rate to an 18-year high of 4.85 per cent.

3AW Mornings host Tom Elliott said no one in power was willing to call out the public policy problem unfolding.

Press PLAY to hear him explain why he’s angry about the latest interest rate rise

“The government is to blame and oil prices are to blame, and neither of those will be impacted by Michele Bullock and her fifth rate rise,” he said.

Press PLAY to hear how likely HSBC chief economist Paul Bloxham thinks a recession is

‘Australia is burning’: Mark Bouris SLAMS Anthony Albanese after latest interest rate rise

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