Australia ‘feeling our way in the dark’ fighting inflation

Judo Bank Chief Economic Adviser Warren Hogan says Australia is “walking and feeling our way in the dark” when it comes to tackling inflation. Mr Hogan predicts the RBA will hike interest rates again this year as inflation remains sticky. “We’re sort of walking, feeling our way in the dark on where the right level of interest rates is,” he told Sky News Australia. “We just don’t know, and I think what we’re seeing in the last three months with the economic data is 4.35 is not only not putting us into recession … it actually looks like it’s getting better. “I’m sort of positioning this – at a five per cent cash rate, it just keeps us in soft landing.”