Australia’s central bank risks raising interest rates too far too fast in its efforts to contain inflation, opening up the possibility of tipping the economy into recession, senior economists warned. Unlike many international counterparts, Australians feel the impact of rate hikes quickly because about 60% of home loans are at variable rates, said Diana Mousina, a senior economist at AMP Capital Markets. In the U.S., 80%-90% of the loan book is on fixed rates, she said. “Australia cannot raise rates as fast as the US,” she told a Bloomberg-hosted panel discussion. “I just worry that if we get interest rates rising to ... (full story)