RBA modelling sees 80pc recession risk. But economists doubt extreme case of 4.8pc cash rate

The Reserve Bank's crusade to tame inflation could end up triggering a recession at the cost of hundreds of thousands of jobs.

That's the prediction from within the RBA based on modelling where the cash rate rises aggressively to  4.8 percent.

The startling scenario comes days after the federal budget and concerns that big spending could fuel inflation and pressure the RBA to keep raising rates.

Here's my report on AM