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How much the Reserve Bank of Australia could lift interest rates by on Tuesday
With the Reserve Bank of Australia (RBA) expected to continue increasing the national interest rate, expert economists are worried a recession may be on the horizon. The RBA is set to meet on Tuesday with economists expecting the interest rate to be hiked up for the third time in a row. “(The RBA) has indicated that a 0.25 or a 0.5 increase is on the table – we think they’ll probably go with the 0.5 which will bring the cash rate to 1.35 from 0.85,” Dr Shane Oliver, chief economist at AMP said. “The logic is simply that the economy is currently quite strong with unemployment down and the inflation rate at 5 ... (full story)
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