HSBC Chief Economist Paul Bloxham says he doesn’t think the RBA will end up delivering another interest rate rise despite the RBA lifting rates to 4.35 per cent. “I would say even though there is domestic momentum in inflation, and it’s sticky, I don’t think the RBA is actually going to end up delivering another hike,” he told Sky News Australia.
HSBC Chief Economist Paul Bloxham says he doesn’t think the RBA will end up delivering another interest rate rise despite the RBA lifting rates to 4.35 per cent.
“I would say even though there is domestic momentum in inflation, and it’s sticky, I don’t think the RBA is actually going to end up delivering another hike,” he told Sky News Australia.“We know that we are on track, inflation has peaked, we’re on the track for inflation coming down, whether we are on the narrow path, that questions whether we tip into an outright recession or not.”
Tuesday’s interest rate rise marks the RBA’s latest move in its battle to overcome stubborn inflation after four consecutive months of inaction.
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