Judo Bank’s Chief Economic Advisor Warren Hogan says the Reserve Bank of Australia has nonetheless received work to do to carry inflation down.
“I think from the tone of the Governor’s comments in Senate Estimates yesterday, there’s a good chance they’ll just get on with it and do it next week,” Mr Hogan informed Sky News Australia.
“I thought they might wait until maybe August, but I think there’s a red-hot chance they’ll go next week.”
However, Mr Hogan stays hopeful that the money fee peaking at 4.35 will “get the job done”, however the issue is that the financial system isn’t “slowing quick enough”.
Source: www.news.com.au
