RBA expected to continue interest rate rises

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Westpac Senior Economist Matthew Hassan says he expects the RBA will continue to increase interest rates to counteract inflation growth.

“The risks around inflation and an ongoing tight labour market are the central problems for the RBA and we think

they’ll move a couple more times before they’re comfortable around those risks,” Mr Hassan told Sky News Australia.

 

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The risk of Australia entering a recession by next year is ‘very high’AMP Chief Economist Shane Oliver says a sharp slowing in economic growth will cause a “very high” risk of Australia entering a recession by early 2024. “The risks are becoming increasingly skewed and every interest rate hike by the RBA increases that risk,” Mr Oliver told Sky News Australia.
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