Australians are staring down the barrel of two consecutive interest rate hikes this year despite pressure on the Reserve Bank to push rates down.
The Reserve Bank could fire up its interest rate models following persistently rising inflation levels, warns leading economist Warren Hogan .
Warren Hogan made national headlines last week for declaring the RBA could lift the cash rate three times in 2024. Picture: Supplied Although the strong jobs market is positive news for Australian workers, it may also signal a need to “tighten” the economy. “I think now we’re almost two years after the first rate hike and we’re proving actually to be pretty resilient,” he said.
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