Anthony Albanese’s continued ignorance to deal with inflation has lead to leading economist predicting up to 3 further rate hikes this year, when most including the government were hoping for some rate relief. These rate rises could spell the end of Albanese’s prime ministership, as voters continue to turn away from Labor.
Asleep at the wheel, Chalmers PhD on Paul Keating is showing to be as worthless as the paper it was written on. There is no surprise Albanese has done nothing, the lead up to the 2022 election should tell Australian’s that, his lack of ability to recall key economic measures shows Albanese just isn’t across the detail, and clearly isn’t across its affect on Australian families
“…A top forecaster issued a dire interest rate warning, predicting that the Reserve Bank will be forced to hike three times before the end of the year.Judo Bank chief economic adviser Warren Hogan — who was the most accurate forecaster in 2023, correctly predicting the RBA would raise the cash rate five times to 4.35 per cent — told The Australian Financial Review on Friday that he now saw rates reaching 5.1 per cent in 2024…”
https://www.news.com.au/finance/economy/interest-rates/leading-forecaster-warren-hogan-predicts-rba-will-hike-cash-rate-to-51-per-cent-this-year/news-story/f6f2f084778953ccaa0538383f67449f?amp
