The bank’s Chief Economist Phil O’Donaghoe is forecasting a quarter of a per cent rate rises in February, March, May and August, which would take the official cash rate to 4.1 per cent.
He is also predicting the unemployment rate to rise from 3.5 to 4.5 per cent by this time next year, which would see 100,000 workers out of a job.
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Source: SkyNewsAust - 🏆 7. / 78 Read more »