Another interest rate rise ‘expected by all’

United Kingdom News News

Another interest rate rise ‘expected by all’
United Kingdom Latest News,United Kingdom Headlines
  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 5 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 5%
  • Publisher: 78%

“We are all expecting” another interest rate rise when the Reserve Bank meets in the week parliament resumes, Sky News Political Editor Andrew Clennell says.

“But Treasurer Jim Chalmers expressed hope yesterday that these interest rate

rises are biting and therefore we might have hit an inflation peak,” Mr Clennell said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SkyNewsAust /  🏆 7. in AU

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Federal government has had a ‘few stumbles’ on Indigenous VoiceFederal government has had a ‘few stumbles’ on Indigenous VoiceThe government has had a “few stumbles” when it comes to its proposal for a referendum on an Indigenous Voice to Parliament, says Sky News Political Editor Andrew Clennell. Mr Clennell said Prime Minister Anthony Albanese “stumbled a little over the detail” in his interview with 2GB's Ben Fordham during the week. “Even Shadow Attorney-General Julian Leeser – traditionally an advocate for the Voice – is saying the way the government is explaining the proposal, he may well drop his support for it,' Mr Clennell said. “But on the Opposition side, the former minister in the Morrison government, Ken Wyatt, said Peter Dutton was a 'naysayer' with his repeated calls for detail.'
Read more »

'That would be a mistake': Warning to RBA over rate hikes'That would be a mistake': Warning to RBA over rate hikesEconomists are warning that Australians are “at the mercy” of the Reserve Bank in 2023 if it continues to hike rates.
Read more »

Recession warning ahead of February rate hikeRecession warning ahead of February rate hikeEconomists are warning Australia could tip into a recession this year if the Reserve Bank keeps raising rates. Wednesday's Consumer Price Index is expected to show inflation may have reached 7.5 per cent at the end of last year ahead of an expected ninth consecutive rate hike to 3.5 per cent when the RBA meets next month. Deloitte warns a dramatic slowdown is on the cards in 2023, meaning growth could decrease from 3.6 per cent to 1.7 per cent.
Read more »

Live: ASX set to rise after Wall Street rallies on Friday, inflation in focusLive: ASX set to rise after Wall Street rallies on Friday, inflation in focusThe Australian share market looks set to increase today as investors await this week's inflation numbers, which will influence the Reserve Bank's next move on interest rates. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Read more »

If Australia tips into recession it would be a ‘pretty mild one’If Australia tips into recession it would be a ‘pretty mild one’Economists are warning Australia could tip into a recession this year if the Reserve Bank of Australia keeps raising rates. Deloitte Access Economics partner Stephen Smith says it would take some further increases in the interest rate from the RBA to tip Australia into a recession. “If that did happen, it would be a pretty mild one,” Mr Smith told Sky News Australia. “We’re expecting economic growth – quarterly economic growth through 2023 of sort of 0.3 - 0.4 per cent per quarter.”
Read more »



Render Time: 2025-04-06 23:41:56