Only 10 out of 30 economists expect the cash rate to rise this week with money markets projecting a 37 per cent chance of a rate increase. RBA Governor Philip Lowe is facing the two major challenges of rising inflation and wages in his decision.
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RBA should ‘wait’ for economic data before raising rates againThe Switzer Report Founder Peter Switzer says the smartest thing RBA Governor Philip Lowe should do is “wait” for the economic data to come out before raising interest rates again. “I just think there’s good reason for him to hold fire,” Mr Switzer told Sky News Australia. “If he doesn’t, I think he will compound the problem...which will be really emphasised when the cliff happens.”
Source: SkyNewsAust - 🏆 7. / 78 Read more »
'Hold fire': Financial expert urges RBA to wait before moving ratesThe Fair Work Commission's decision to boost wages has many economists now expecting the RBA to raise rates again on Tuesday, but one financial commentator is urging decision makers to hold off until the effects of the change filter through the economy.
Source: SkyNewsAust - 🏆 7. / 78 Read more »