The Reserve Bank is facing a major shakeup, with the first review in four decades set to recommend big changes to how the bank operates. 9News
that there is unlikely to be any change to the bank's policy of fighting inflation with interest rate increases.
The report will be delivered to federal Treasurer Jim Chalmers tomorrow, ahead of next week's anticipated April interest rates announcement from the RBA.Cops blast 'vigilantes' after 'torture' home torchedWestpac Chief Economist Bill Evans said there would likely be a pause in rate hikes in April followed by a final increase in May.
"We now expect a pause in April to be followed by a final increase of 0.25 per cent at the May meeting," he said. Currently the cash rate target of 3.6 per cent is the highest since May 2012, after the RBA hiked interest rates for 10 consecutive meetings.Australia's top 10 richest people for 2023
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