RBA to Hike Rates For Rest of Year, No. 2 Pension Fund ART Says

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RBA to Hike Rates For Rest of Year, No. 2 Pension Fund ART Says
News & Feeds

RBA to Hike Rates For Rest of Year, No. 2 Pension Fund ART Says

Australian Retirement Trust, the nation’s second-largest pension fund, expects the Reserve Bank to hike interest rates for the rest of this year as consumer cost pressures are likely to remain elevated. Australia’s inflation data this week was above the central bank’s own expectations, which will lead it to increase rates by 15 basis points on Tuesday, Brian Parker, chief economist at the A$230 billion ($162 billion) fund said. With consumer cost pressures potentially accelerating over the next quarter or two, the RBA will continue lifting rates by 25 basis points at each meeting for the rest of the year, he

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https://www.bnnbloomberg.ca/rba-to-hike-rates-for-rest-of-year-no-2-pension-fund-art-says-1.1759294