Interest rate hikes may continue to rise in the later half of the year, an economist has said.
Judo Bank’s chief economic adviser Warren Hogan has said the bank has changed its central case economic forecast to project a peak cash rate of 5.10 per cent in 2024.
According to Hogan, he expects the Reserve Bank of Australia (RBA) to commence hiking interest rates once again starting in August this year, followed by two more rate hikes in September and November.
He stated that the flow of economic data over the last six weeks has “shifted the most likely path” for the economy and inflation.
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