Former Labor Minister cautions regarding rate hikes

More rate rises ‘inevitable’ Former Labor minister

More rate hikes are “inevitable,” says former Labor Minister Graham Richardson.

As per the new RBA governor, Michele Bullock, in her first board meeting, she decided to temporarily halt the rate hike.

As per the experts, the latest inflation data suggests that there could be one or two rate hikes on the horizon.

“It’s not something that Labor can hold off; it’s just going to happen,” Mr. Richardson said in an interview with Sky News Australia.

“I think they’ve done well enough to be able to see that off. I don’t see that being a permanent problem for Albo or Jim Chalmers.”

- Published By Team Australia News

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