Economic recovery on track, RBA cash rate on hold until 2024; some retail traders burned as Gamestop crashes 60pc

The Reserve Bank is forecasting the economy will bounce back to its pre-pandemic strength by the middle of this year. 

However, governor Philip Lowe says the RBA's official cash rate will remain on hold until 2024 as the economy fully recovers. 

Also, Gamestop shares have lost 60 percent of their value as steep selling left some amateur day traders challenging sophisticated hedge funds badly burned.

I speak with Thomas Oriti on ABC NewsRadio