Economist warns 'strong chance' of an RBA rate rise following federal budget

Judo Bank Economic Advisor Warren Hogan has warned there is a "strong chance" the RBA might raise interest rates following the federal budget. Mr Hogan joined Sky News Chief News Anchor Kieran Gilbert to discuss the 2024-25 federal budget. “I do think they have shown some restraint. I think many Australian governments in the past might have spent more like $20 billion on new measures, but they’ve only done $10 billion," Mr Hogan said. “That might mean we only need one or two rate hikes, but it doesn’t change the underlying story about the economy. “I think there is a very strong chance the RBA might have to raise rates again.”