“But Treasurer Jim Chalmers expressed hope yesterday that these interest rate
rises are biting and therefore we might have hit an inflation peak,” Mr Clennell said.
2% increase needed to put hard brakes on inflation- watch a repeat of the 1990’s
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Live: ASX set to rise after Wall Street rallies on Friday, inflation in focusThe Australian share market looks set to increase today as investors await this week's inflation numbers, which will influence the Reserve Bank's next move on interest rates. Follow the day's events and insights from our business reporters on the ABC News live markets blog. A relief rally. However big crash coming. The WEF great reset is happening and governments and big business will ensure the people get poorer and the rich richer. Tell 'em they're dreamin'.
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If Australia tips into recession it would be a ‘pretty mild one’Economists are warning Australia could tip into a recession this year if the Reserve Bank of Australia keeps raising rates. Deloitte Access Economics partner Stephen Smith says it would take some further increases in the interest rate from the RBA to tip Australia into a recession. “If that did happen, it would be a pretty mild one,” Mr Smith told Sky News Australia. “We’re expecting economic growth – quarterly economic growth through 2023 of sort of 0.3 - 0.4 per cent per quarter.” Why are interest rates rising, because of inflation, why continuing inflation, because of the continued migration and influx of foreign capital. Every person pays for every migrant these days.
Source: SkyNewsAust - 🏆 7. / 78 Read more »