“A very well respected Australian with management and experience of running organisations,” Mr
Hogan said.“Then we have a professional monetary policy committee to look after interest rates.
How about: NO RESERVE BANK AT ALL!!
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Deutsche Bank predicts four more interest rate risesDeutsche Bank Australia is predicting the Reserve Bank will raise interest rates four more times between now and August. 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. Sky News needs more Rowan Dean on weeknights. Bring him back.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
US Federal Reserve Bank to make first decision for interest rates for 2023The US Federal Reserve Bank will make its first decision on interest rates for 2023 after a 32-year high for inflation. “The Fed makes its first decision for 2023,” says Sky News Business Editor Ross Greenwood. “Australia’s Reserve Bank will make its first decision next week, of course, after that inflation rate last week. “All expectations are that the Reserve Bank here will continue to raise interest rates. “In the United States, the real speculation now is that after having had a series of half per cent rate rises, they’ll temper these back down to a quarter of a per cent rate rises but will continue to raise rates.” Is this before or after they give Ukraine more of American tax payer dollars?
Source: SkyNewsAust - 🏆 7. / 78 Read more »