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The big four banks expect rates could rise above 2 per cent by the end of the year. Economists at Australia’s major banks have updated their predictions for interest rates in the coming months, wit
Economists are widely predicting a back-to-back 50 basis point cash rate lift in July. Barclays’ Shreya Sodhani and Rahul Bajoria are predicting another 50 basis points hike in July, followed by 4
Australia’s economic growth slowed in the first quarter due to severe weather disruptions, but strong demand and rising price pressures backed expectations of further interest rate rises.
The high level of home loan debt means interest rate rises may have a larger effect and be felt more quickly than in the past, particularly if confidence and house prices take a hit.