Big four banks make dire rates day prediction

📆 10/27/2023 6:16 PM
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In dire news for Australians struggling with the cost of living crisis, economists from all of the big four banks are all tipping interest rates will rise again in November.

Among the economists predicting that the Reserve Bank of Australia will hike rates again is Westpac chief economist Luci Ellis – who until just weeks ago was the assistant governor of the RBA’s economics division.

Former RBA assistant governor Luci Ellis has made an embarrassing backflip on interest rates. Picture: NCA NewsWire/Monique Harmer. CommBank, ANZ and NAB are also tipping a 0.25 per cent rise in November, but prior to the inflation data, NAB was the only big four bank holding this view.

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