Economists warn Cup Day rate rise may not be RBA’s last
Cecile LefortMarkets reporter
Economists have ratcheted up their interest rate projections and a minority of forecasters now say the Reserve Bank’s hotly tipped Cup Day increase may not be its last.
“The easing cycle continues to appear further down the track as core inflation remains stubbornly high, and our resilient economy demands a higher policy setting and a longer cycle,” said Bendigo and Adelaide Bank chief economist David Robertson.
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Cecile Lefort is a markets reporter based in the Sydney newsroom. Email Cecile at cecile.lefort@afr.com
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