Interest rates expected to peak at 3.5 per cent

Business reporter Edward Boyd claims the expectation from a lot of dollars markets is that the hard cash charge will peak at 3.5 per cent in the middle of the calendar year – nevertheless, today’s inflation quantities could impact that.

“Economists are at this time predicting a further .25 basis factors and potentially an additional .25 right after that,” Mr Boyd claimed.

“The hard cash rate, last yr began at .1 per cent, and there ended up eight price rises, and some of them had been very huge hits to the economy.”