John Carran: Economist says there are real signs global inflation pressures are starting to ease - The Mike Hosking Breakfast

Is the Reserve Bank raising the Official Cash Rate too far, too fast?

The central bank has lifted the OCR by an unprecedented 75 basis-points to 4.25 percent and is forecasting the country could be in recession by the middle of next year.

It's also warning the OCR may have to peak as high as 5.5 percent to bring inflation under control.

But Jarden Investment Strategist and Economist John Carran told Mike Hosking international inflation pressures appear to be starting to ease.

He says there are real signs global inflation pressures are starting to ease, with shipping costs coming off and oil prices coming down.

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