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AAP
AAP
Business
Derek Rose

ANZ predicts cash rate above 3 pct in 2022

ANZ is now predicting that interest rates will rise above three per cent this year. (AAP)

ANZ is now predicting that interest rates will rise above three per cent this year, more than 12 months earlier than previously forecast.

The bank is predicting four successive 50 basis point rate hikes in August, September, October and November - a full 200 basis points of tightening that'll see the cash rate hit 3.35 per cent by November.

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