Rate rise certain as RBA chases inflation; super funds turn negative as global recession looms

As highly-indebted borrowers await today's decision from the Reserve Bank on interest rates, Australia's biggest superannuation fund says aggressive rate rises to tame inflation could spark a global recession. 

Mark Delaney, chief investment officer at Australian Super, says it will be hard for Australia to sidestep a local recession and that the jobless rate could rise if we're swept up in a global downturn.

The concerns come as retirement nest eggs have gone negative for the first time since the global financial crisis, with Australian Super delivering a negative result for the year to June 30 of minus 2.73 percent.

I speak with Mark Delaney on AM and ABC NewsRadio