Switzer Report Founder Peter Switzer says if we don’t “scare everybody” people will keep spending, inflation will remain high, and the RBA will raise interest rates too many times.
“If we scare the pants off people, we won’t get the big interest rate rises that have been projected,” Mr Switzer told Sky News Australia.
“And the money market has pulled back their call from a four per cent cash rate to three per cent, and that will actually stop house prices falling.”
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