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    Fears interest rates could reach five per cent by the end of the year

    Story by Sky News Australia

    There are fears interest rates could reach as high as five per cent by the end of the year.

    Judo Bank economist Warren Hogan believes sticky inflation will force the RBA to lift the cash rate by 0.25 per cent in August, September and November.

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    Fears interest rates could reach five per cent by the end of the year© Provided by Sky News Australia

    He was the only economist to predict five interest rate hikes to 4.35 per cent in 2023.

    Warren Hogan said the Central Bank needs to follow other countries and get the rate at five per cent.

 
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