Australian households should prepare for many more rate hikes this year, experts warn
- davidwatson034
- Feb 7, 2023
- 1 min read
The Reserve Bank board will announce its interest rate decision today at 2:30 AEDT.
It's part of Deutsche Bank's Australia chief economist Phil O'Donaghoe's job to forecast what could happen.
This isn't pie in the sky stuff, there's economic modelling and number crunching involved.
Last week he produced some research, leaning on what economists call the Taylor Rule, announcing Deutsche Bank saw four more interest rate hikes by the Reserve Bank.
That would lift the cash rate to a "terminal" or final rate of 4.1 per cent, Mr O'Donaghoe concluded.
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