‘No’: Westpac Chief Economist shuts down talk of potential RBA rate hikes
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- Опубліковано 28 чер 2024
- Sky News Business Editor Ross Greenwood sits down with Westpac Chief Economist Luci Ellis to discuss whether the RBA will hike rates when it next meets in August.
“On the basis of the information we’ve seen so far - no,” Ms Ellis told Sky News Australia.
“But there are scenarios where they end up doing so.
“If they see a really ugly June quarter CPI and … stronger than expected labour market then they might tilt in that direction.”
Rates are going to go up until a free fall of mortgage defaults, this is the deliberate plan
RBA will lose all credibility if it doesn't continue to hike rates.
Rates will continue to rise irrespective of what any "economist" might say to the contrary.
You covidiot
Can you explain why?
Luci Ellis is so out of touch with the general public.
We are worried that RBA will not raise interest rate to tackle inflation. Not the other way around.
And why would a banker lie??? They’re in the business in of making money from people taking out 30 year loans.
It's almost like they want:-
Families to live together
Business to invest in new digital
Unemployment to go up
Energy transition
How on earth can she claim that wages have already peaked. Nurses EBA came in at 28% over 4 years. Now all our hospitals are unviable.
Great discernment Luci
My issue today is, is this the right person for the job or just ticking all the woke boxes?
And when have ever banks got it wrong?
I sadly think there will be more rare rises
hauser stupid autocorrect
Wrong again.
hauler needs to cut his hair.
Interest rates cannot curb inflation in Australia. Only 37% of Households have a Morgage. The rest own their homes or are renting. If you own your home you probably have savings so interest rates increasing give you more to spend. If you are a property investor and interest rates go up you increase the rent rate. Rents go into inflation figures. 63% of Australians spend more with an interest rate hike, not always by choice. Give everyone $700 extra in their Electric bills (to hide inflation figures) and a fresh tax cut for low income earners, the best spenders, Thats only going to make inflation figures rise. This lady just telling the truth, Its our forced bills pushing up inflation and not what we want to spend. Cars more expensive to register, fuel more expensive, electricity more expensive. Biggest driver of inflation seems to be Labor policies driving up the cost of existing, and the cost of having fun is staying stable as most of us cannot afford fun.