Original article by Geoff Chambers, Ewin Hannan, Joyce Moullakis
The Australian – Page: 1 & 4 : 7-Mar-23

The Reserve Bank of Australia is widely tipped to announce a 10th consecutive increase in the cash rate on Tuesday, and some economists believe that there is potential for up to four rate rises by June. Westpac’s chief economist Bill Evans says households face a tough time in coming months, and they must expect more rate rises. Evans warns that it is "now or never" if the RBA is to get inflation under control, and he contends that failing to do so would risk the prospect of interest rates approaching the levels that were seen in the 1990s. ACTU secretary Sally McManus has called for a pause in interest rate rises, arguing that Australians are "seriously hurting" and the rate rises to date have achieved the RBA’s goal of running down households’ savings.

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RESERVE BANK OF AUSTRALIA, WESTPAC BANKING CORPORATION – ASX WBC, ACTU