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RBA to inflict ‘at least’ two more rate hikes, top central bank watcher warns
Interest rates risk going higher still, economists have warned, as stubborn inflationary pressures, rebounding economic growth, and continued tightness in the jobs market could force the Reserve Bank to inflict further pain on household borrowers. While the majority of economists still expect the RBA’s next move will be a cut, Judo Bank chief economic adviser Warren Hogan, who correctly predicted Australia’s interest rate path in 2023, tore up his interest rate forecast on Thursday following a string of firmer-than-expected data. Mr Hogan now predicts the RBA will deliver “at least” two additional rate hikes ... (full story)