Finance experts forecasting possible interest rate rises in 2024

Рет қаралды 7,712

13 күн бұрын

A couple of finance experts are forecasting possible interest rate rises this year.
This comes as the ABS this week published worse-than-expected inflation figures as the price of rentals and insurance increase.
Financial Planner and Author Patricia Howard joined Sky News Australia to discuss the possibility of interest rate rises.
“I think there’ll be a lot of people holding their breaths waiting for the reserve bank to announce their decision in May,” Ms Howard said.
“I think all signs are showing that there’s a possibility that the reserve bank will lift interest rates … in order to get the rate of inflation under control.”

Пікірлер: 85

@andrewbroome7404 12 күн бұрын

Cut immigration to nett zero

@rapscallion9333 12 күн бұрын

Chalmers said repeatedly their expenditure would not be inflationary. Let's watch how he spins this. Labor lies, high tax, debt, inflation .

@Prognosis__ 12 күн бұрын

RIP Albo government if interest rates goes up again

@williamcrossan9333 12 күн бұрын

That's a good thing.

@garybilkey1244 12 күн бұрын

rip whichever way they are a bunch of bedwetters no balls

@eb2505 12 күн бұрын

Just waiting for Jim Chalmers to come out and say ‘This is the recession we had to have’.

@Ellio88 12 күн бұрын

"You will own nothing and be happy"

@user-hx3vx9lr5g 12 күн бұрын

He's dead😊

@ian-qi5ho 12 күн бұрын

@@user-hx3vx9lr5g?

@cheecharron1244 12 күн бұрын

A happy bunch of homeless bug-eaters

@stevep9041 12 күн бұрын

Interest rate hikes = no election year.

@charalampossevastopoulos6241 12 күн бұрын

Several interest rate rises ! WTF

@vincentcacciola7161 11 күн бұрын

While immigration is high inflation will go on the RBA is trying to tighten but governent policy is working against that

@WeveGotBush 12 күн бұрын

They want your soul aswell.

@UnknownUser-sc6jx 12 күн бұрын

Rate hikes are needed because of immigration and welfare spending you want to cut rates cut welfare and immigration.

@Birch37 12 күн бұрын

The banks were suggesting 2 rate decreases by the end of 2024, two weeks ago

@georgekordis4268 12 күн бұрын

Yes they are all full of BS.

@UnknownUser-sc6jx 12 күн бұрын

The banks have been building CBDCs and going cashless they lie they want everyone trapped in the system they want you to FOMO in to a house loan

@cheecharron1244 12 күн бұрын

Self-interested liars working only for their share-holders.

@uberboiz 11 күн бұрын

To be fair to them, no one (banks or not) can predict the interest rate movement precisely - at best, it's just an educated guess. The problem is the banks don't realise this and arrogantly make all these interest rate calls as if they have a foresight. Similarly, many people make the mistake of listening to these banks as if their 'forecast' actually is worth more than it actually is.

@cheecharron1244 11 күн бұрын

Consumer confidence building, in the name of profit

@johnnybgood3909 11 күн бұрын

18% is very likely, laugh if you want.

@philmelb1022 11 күн бұрын

I hope so more interest from savings in the bank.

@justinnic849 11 күн бұрын

We’ve been there before.

@XxTheAwokenOnexX 12 күн бұрын

If companies were not busy #PriceGouging people, and causing unsustainable levels of inflation, there would be no need for rate hikes #Economics101

@robstone4537 12 күн бұрын

The Australian dollar is diving because our interest rate is lower than other developed countries. So either we get the interest rate in line with the rest of the world or the dollar keeps sliding and we pay more for imports, increasing inflation.

@binks7988 11 күн бұрын

Immigration

@JoeyBlogs007 12 күн бұрын

The problem is that raising interest rates doesn't control inflation in all situations, because in the current environment interest rate driven costs get passed on to consumers, due to the high level of debt owned by businesses and home owners. Their economic model is flawed and they need to take a serious look at their economic modelling. There's a shortage of housing and massively excessive migration, so who do you think pays for this at the end of each year ??? renters. Excessive demand and hence spending again due to record migration, rather than per unit household expenditure increases. Immigration needs to be curtailed immediately by 75% and the problem will be resolved with a month or two.

@lannyjr1042 12 күн бұрын

And money printing continues and people suprise inflation is high? Aussie dollar is one of the weakest currency maybe second only to yen

@adiintel1 11 күн бұрын

stop referring it to the dollar it's the Australian peso.

@ashdivakaran9664 11 күн бұрын

They need to keep raising rates till home prices lower.

@user-yw1rp4rj4u 12 күн бұрын

i’ve said it before 6 percent cash rate by the end of 2025.

@RobertHolmes-mu8re 12 күн бұрын

That would be nice, a bit of a return on bank deposits would be most appreciated, 5% is so much better than .05%

@adiintel1 11 күн бұрын

6% you do you realise that will more then likely push Australia in recession.

@user-yw1rp4rj4u 11 күн бұрын

@@adiintel1 Watching the commercial space collapsing in the US…….it always impacts us over here….. its criminal but they dont care…..

@adiintel1 11 күн бұрын

@user-yw1rp4rj4u 25% of my portfolio was in commercial real estate I got out 4 months ago still have 5% going to take the rest out. These coming 2 weeks. That is another pillar wich I believe will fall but the fed will come to its rescue as they always do.

@Jin-oq2qu 12 күн бұрын

RBA, do your job properly. Raise, raise and more raise!

@peterlegg7456 11 күн бұрын

Are these the same experts who were forecasting drops in the rates later this year - the ones on loan from the Bureau of Meteorology?

@levan2436 12 күн бұрын

renewal energy from chyna, we paid 20B interested per month

@teatree6228 10 күн бұрын

Reduce land tax - rentals will drop- inflation will drop

@WitchDoctor.933 12 күн бұрын

I guess Dominic Pell got all excited bragging about Labor lowering interest rates and Mouthed Off Prematurely.😆

@eb2505 12 күн бұрын

Most of these lefties are intellectually dishonest and deficient because they prioritise ideology over intelligence.

@noelleng126 12 күн бұрын

Isn’t high interest rate one of the reasons for inflation? At least in the case. Especially when all the increases are from stable products. I mean we live very frugally, no mortgage and can still feel the pinch.

@dexio8601 12 күн бұрын

Should be the opposite, high rates means less spending means lower inflation...

@noelleng126 12 күн бұрын

@@dexio8601 in a normal condition when supply demand is under control right. But we have crises with all the necessities, basic goods right now, how much less can you eat because of inflation, and travel, fuel, housing. It’s not like we’re trying to slow down the expansion, we literally have no place to live and wages cannot keep up with costs. High interest rate is adding fuel to the fire.

@KIA-MIA-POW 12 күн бұрын

Keep those wonderful rate rises coming !

@downtoearth1950 12 күн бұрын

Lololol..... Experts have for a year been forecasting cash rate declines.. While I have known that it has to go higher we were slow to start and rises were far too low. This pleased the Banks and Government, while throwing ordinary Aussies under the inflation bus 😡

@jaimitojoe7747 12 күн бұрын

No surprises here, they wont come down until Q2 next year if they come down. Don't forget that in the 80 it latest a decade.

@adiintel1 11 күн бұрын

Seems to be alot of over leveraged in the system 🤔 you think they will allow deflation happen in oz? My honest opinion is they will keep things on a knife's edge. They will protect the insiders and housing sector at all costs.

@jaimitojoe7747 11 күн бұрын

@@adiintel1 deflation? Or you mean lower interest rates. Deflation means negative CPI numbers. That is not going to happen. All price inflation is here to stay. All the temporary inflation due to supply chain has already normalised.

@Birch37 12 күн бұрын

Inflation just fell to 3.1%. I don't get it

@georgekordis4268 12 күн бұрын

All part of the agenda who do you think brings about inflation with high fuel costs high liquor costs high smokes costs all thanks to taxes yep the lab government.

@setogo198 12 күн бұрын

Ha it's higher than that about 4 times

@UnknownUser-sc6jx 12 күн бұрын

The price of milk is up 100% it use to be $1 per letter now it's $2 or more kefir was $4 per letter it's now $8.80 pork was $6 a kg for shoulder now it's $9-13 dark chocolate use to be $3 for 90% dark chocolate it's now $6 etc

@briananderson7285 11 күн бұрын

Inflation is around 13 to 14% if you work it in the old system.

@philmelb1022 11 күн бұрын

@@briananderson7285in some cases 20percent.

@skeletorrobo 12 күн бұрын

"This is a very invidious situation that they have got themselves into."

@user-yw1rp4rj4u 12 күн бұрын

We don’t have much unemployment because there are so many career Centrelink personnel….

@cl1ff892 11 күн бұрын

Raise gst so people that are spending are punished

@philmelb1022 11 күн бұрын

Good more interest for savings in the bank happy days.

@riffraff8490 11 күн бұрын

Remove everyone who has been employed through NDIS and show everyone receiving disability allowance payments in all their guises and the low unemployment figures will disappear.

@0401412740 12 күн бұрын

Its artificially driven. Migration, high terminal gate price of petroleum, reducing reliance on China, government bonds. Its baked as.

@adiintel1 11 күн бұрын

More stimulus? 😅

@Mexxx65 10 күн бұрын

so...what is the real difference to Inflation being at 3.6%, or at say 2.5%???? why is as low as 2% the "magic" number? I mean I am POSITIVE my price of a packet of blueberries is going to remain the same......