Big RBA call splitting economists
From news.com.au
Economists remain divided over the Reserve Bank’s next move on interest rates. Since May 2022, the RBA has embarked on its most aggressive tightening cycles since the 1980s, increasing the official cash rate 13 times from a record low of 0.1 per cent to its current level of 4.35 per cent as it works to battle persistent inflationary pressures – currently at 4.9 per cent on latest measures – across the economy. But analysts are at odds over where the central bank will move next and when household borrowers and small businesses can expect much-needed relief in the form of interest rate cuts. {chart} NAB chief economist ...
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