Judo Bank boss Warren Hogan says the Reserve Bank will raise interest rates three times this year – and he was right about 2023
by WSTPost
WSTPost— Judo Bank now predicts the Reserve Bank will raise interest rates three times in 2024 to levels not seen in 16 years - increasing the average mortgage repayment by $300 a month.The bank's chief economic adviser, Warren Hogan, forecast the key interest rate will rise to 5.1 percent by Christmas, from a 12-year high of 4.35 percent. Rate hikes in August, September and November this year would see the Reserve Bank of Australia's key interest rate reach levels last seen in December 2008 during the...
Daily Mail—Judo Bank boss Warren Hogan declares Reserve Bank will hike interest rates three times this year -. The Judo Bank is now forecasting the Reserve Bank will raise interest rates three times in 2024. This would see borrowers paying the highest rates in almost 16 years.
www.theyeshivaworld.com—Federal Reserve Says Interest Rates Will Stay at Two-Decade High Until Inflation Further Cools. The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target. The Fed issued its decision in a statement after its latest meeting, at which it kept […]
KLFY—Federal Reserve says interest rates will stay at two-decade high until inflation further cools. Fed Chair Powell’s 2:30 p.m. ET news conference will be livestreamed within this story. This story will also be updated with today’s F.O.M.C. decision on their key interest rate.