The Switzer Report founder Peter Switzer says Australians with home loan repayments are likely to suffer on Melbourne Cup day as economists predict another rate hike from the RBA. Mr Switzer said despite the predictions, he hopes RBA Governor Michele Bullock’s “first courageous decision” will be to not hike interest rates on Tuesday.
The Switzer Report founder Peter Switzer says Australians with home loan repayments are likely to suffer on Melbourne Cup day as economists predict another rate hike from the RBA.
Mr Switzer said despite the predictions, he hopes RBA Governor Michele Bullock’s “first courageous decision” will be to not hike interest rates on Tuesday. “Most economists are saying she will raise – I don’t know if they’re saying she should, but they certainly say she will,” Mr Switzer told Sky News Australia.“Even if they get a win on the Cup tomorrow, I think the realisation that their repayments are going up again will be really tough for them and tough for the economy as well.”
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