Bank of England’s chief economist dampens hopes of summer interest rates cut
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Judo Bank boss Warren Hogan declares Reserve Bank will hike interest rates three times this year -
The Judo Bank is now forecasting the Reserve Bank will raise interest rates three times in 2024. This would see borrowers paying the highest rates in almost 16 years.
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Judo Bank boss Warren Hogan says the Reserve Bank will raise interest rates three times this year – and he was right about 2023
Judo Bank now predicts the Reserve Bank will raise interest rates three times in 2024 to levels not seen in 16 years - increasing the average mortgage repayment by $300 a month.The bank's chief economic adviser, Warren Hogan, forecast the key interest rate will rise to 5.1 percent by Christmas, from a 12-year high of 4.35 percent. Rate hikes in August, September and November this year would see the Reserve Bank of Australia's key interest rate reach levels last seen in December 2008 during the...
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It's time to revisit Bank of England independence
Independence should not mean the Bank of England is shielded from government scrutiny and accountability to the public, says Damian Pudner Last week, a striking disclosure by former prime minister Liz Truss reignited the debate on the delicate balance between political authority and the operational independence of central banks – a topic with profound implications []