Why would they read the article if it's a bloke from Judo Bank?....
All 4 big banks don't agree with him. Neither does AMP. So the comment was correct...just scare mongering for a political shot..
AMP deputy chief economist Diana Mousina agrees that the data for the March quarter has effectively ruled out rate cuts in the coming months."This inflation data will certainly renew some of that debate around whether we actually need to see higher interest rates," Ms Mousina said."We don't think we will see a further rate hike from here, I just don't think it's necessary, but the quarterly inflation data does mean that the risk of a near-term rate cut has absolutely disappeared."
