The likelihood of an interest rate hike by the Reserve Bank of Australia (RBA) in August is increasing, driven by persistent inflation. Sky News Business Editor Ross Greenwood noted the “increasing” chances of a rate rise. Mortgage holders are particularly concerned as recent data shows prices continue to soar. Leading economists are divided on the next move for interest rates, but the outlook appears bleak. Some experts suggest that entrenched inflation could force the RBA to raise rates further, potentially triggering a recession with a 50-50 chance.
🇦🇺 Recession 'A 50-50 Chance; If Rates Rise ▫Leading economists say entrenched inflation has a 50 per cent chance of triggering a recession by forcing the Reserve Bank of Australia to raise interest rates further ▫Aaron Patrick #frontpagestoday #Australia @FinancialReview 🇦🇺 https://t.co/5EPC4URRfv
The odds of another RBA interest-rate hike have gone up because of persistent inflation. Read today's Australia Briefing by @amy_bainbridge for your daily dose of the best of Bloomberg from Down Under and around the world. https://t.co/5SD8fpN7jH
Can Australia’s borrowers dodge another interest rate hike? We’ll know more soon https://t.co/NmRt6PG47j
With recent data showing prices continue to soar, economists are split on the next move for interest rates but it isn’t looking good. https://t.co/NKmJB8Kldv
Mortgage holders' eyes are turned nervously towards August, when the Reserve Bank could elect to increase interest rates once again after a recent inflation increase. #9News https://t.co/nkDMIvoBFu
Sky News Business Editor Ross Greenwood says there are “increasing” chances of a rate rise in August. https://t.co/GthdfHE603