Economists are fairly split between whether the RBA will put a hold on rates or lift them by another 0.25 per cent to 3.85 per cent.
Economists at the ANZ and NAB banks are tipping a rise, while St George economic experts are forecasting a pause.- currently sitting above 7 per cent - as the primary driver of the bank's decision to continue lifting rates.But the latest retail trade and inflation figures suggests they are starting to slow the economy and ease the threat of rising inflation.The latest figures showed the inflation rate in the year to February was slightly down on the previous month.
"With monetary policy now in restrictive territory, we are closer to the point where it will be appropriate to pause interest rate increases to allow more time to assess the state of the economy," Lowe told the Australian Financial Review's Business Summit last month.
25% then nothing until June.
Why tell us this, theyre going to do ot anyway and stretch the economy way further than is survivable Its time the PM, treasurer and all their greedy little followers started making some sacrifices Mf has had several pay rises but the people are quite literally starving
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