Economists are starting to lean towards another official interest rate rise next week after the latest inflation readings proved stronger than expected.
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Economists are starting to lean towards another official interest rate rise next week after the latest inflation readings proved stronger than expected.
Further official interest rate rises could choke off consumer spending and grind the economy to a halt, economists warn.
NAB has no plans to raise its standard variable interest rate higher than any move the central bank makes to the official cash rate this month.
Punters expect that the Reserve Bank of Australia will leave the official cash rate unchanged when its board meets in April, bookmaker Centrebet says.
Punters are backing a 25 basis point increase in the official cash rate when the Reserve Bank holds its monthly board meeting on Tuesday, one bookie says.
Housing groups and mortgage brokers have welcomed the central bank & #39;s decision to leave the official interest rate unchanged.
The central bank will almost certainly raise the official interest rate next week as it tries to keep inflationary pressures in check.
While further interest rate rises can be expected next year, one mortgage broker believes it is unlikely that the official cash rate will top five per cent.
Punters are backing a 25-basis-point increase in the official cash rate when the RBA holds its next board meeting on Melbourne Cup Day, November 3.