Cash rates in reference to the “monthly and quarterly numbers” are expected to peak in the middle of the year, according to Bank of Queensland’s Chief Economist Peter Munckton.
“Because … the economy opened up, it was no goods anywhere, so all of a sudden prices were high,” he told Sky News Business Reporter Edward Boyd.
“Then we had the weather, couldn’t get stuff on the shelves because of food and so forth, the weather problems, and then Russia-Ukraine hit.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Man shot during break-in at Adelaide home, police hunt trio who fled with cashA 59-year-old from Elizabeth Vale is in hospital after being shot in the leg during a home invasion in which three men broke into his house and demanded cash.
Read more »
UK rape crisis centres forced to turn away victims as need rises and cash runs outWith survivors waiting up to 18 months for support and therapy, and caseloads increasing, staff close lists
Read more »
Markets bet on little interest rate reliefInvestors believe the Reserve Bank of Australia’s cash rate will peak at 3.5 per cent, but are not pricing in much in the way of future cuts.
Read more »
Markets bet on little interest rate reliefOPINION: Investors believe the Reserve Bank of Australia’s cash rate will peak at 3.5 per cent, but are not pricing in much in the way of future cuts.
Read more »
Overseas calls to scrutinise Indian bank giant's 'hopeless bet' on collapsed Griffin Coal mineA leading Indian investigative reporter has labelled the country's biggest private bank, which is at the centre of an unfolding energy crisis in Australia, secretive and 'arrogant'.
Read more »
Cashless society? The real reason why ATMs are disappearingATMs are a valuable service to many customers, but they cost money to run and keep stocked. Cash transactions are falling rapidly in the community as contactless and digital card payments begin to rise. 9News
Read more »