Economist Saul Eslake on why Reserve Bank needs to raise rates next week
- Written by Michelle Grattan, Professorial Fellow, University of Canberra
After Wednesday’s larger-than-expected inflation number, all attention has turned to the Reserve Bank’s meeting on Tuesday. If the bank moves next week, it will be the first time there’s been a rise in a campaign since 2007, the election John Howard lost.
Pointing to recent rate rises overseas, independent economist Saul Eslake...
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