released last week has market analysts predicting the Reserve Bank of Australia will hike interest rates when it next meets on November 7, just half an hour before the race that stops the nation.33 out of 35 economists tipped the RBA will raise the cash rate next week to 4.35 per cent.RBA governor Michele Bullock is under pressure to bring the sutbborn inflation rate down..
They believe inflation sitting stubbornly at 5.4 per cent will require further interest rate hikes from the RBA before it comes down. The former head of the RBA's domestic markets portfolio and current Challenger chief economist Jonathan Kearns predicts interest rates will peak at 4.6 per cent.
Source: News Formal (newsformal.com)
Reserve Bank Of Australia Interest Rates Market Analysts Inflation Cash Rate
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