‘Increased’ chance of RBA raising interest rates
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29/06/24
REA Group Senior Economist Eleanor Creagh says the risk of an interest rate rise before the end of the year has “increased”. Economists believe there is a 50 per cent chance of a recession if the Reserve Bank is forced to raise interest rates. There is a 40 per cent chance interest rates may be hiked in August after monthly inflation came in above market expectations at four per cent.
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