What will the RBA do next? (And what does it mean for your money?)

Forecasts are forecasts but the numbers don't lie. And at the end of the day, the numbers show an extremely tough conundrum for the Reserve Bank of Australia. Services inflation has not come down as fast as the RBA would like and goods inflation is starting to tick up. And while the overall inflation downtrend is generally intact, markets are extremely jittery to any upside surprise. 

The jobs market remains incredibly tight, housing costs continue to skyrocket, and consumer-led indicators like retail sales and confidence continue to remain sluggish.

So how will the Reserve Bank of Australia manage this period given the margin for error is so low - and even if it plays all its cards right, can it stick the soft landing if the US goes into a stagflationary environment?

Livewire's Signal or Noise is holding an economists' roundtable for the first time. This episode will be dedicated to the intersection of financial markets and economic policy. Joining Livewire's Hans Lee and regular panellist, AMP Deputy Chief Economist, Diana Mousina are two of the best in the business:

• Luci Ellis, Westpac Chief Economist and ex-RBA Chief Economist
• Johnathan McMenamin, Barrenjoey senior economist