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Economists at Jarden have joined Credit Suisse and Macroeconomic Advisory in forecasting three more cash rate increases from the current 3.85 per cent to 4.6 per cent before the end of the year.
The FWC doesn’t want to turn the current rate of wage increases into something that will scare Phil Lowe & Co.
News outlets must be scaring interest rate worriers but I’m hoping the RBA’s knowledge of economics will stop it from raising rates next Tuesday.
RBA governor Philip Lowe has come under fire for months. But at what might have been his last parliamentary appearance, he went out with more whimper than bang.
The market has increased the odds for a rate rise next month to one-in-three whilst some economists now expect the cash rate to peak at 4.35 per cent.