Australian consumers at breaking point with recessions bets 50-50. Andrew Bragg warns axing of Philip Lowe would damage Reserve Bank independence

It's taken a while despite 12 interest rate rises since May last year, but there are growing signs that Australian consumers are close to their breaking point.

But will that stop the Reserve Bank for delivering even more rate rises?

Also, NSW Liberal senator Andrew Bragg wanrs the removal of Philip Lowe as Reserve Bank governor could compromise the central bank's independence.

Here's my report on ABC Newsradio