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The Guardian - AU
The Guardian - AU
National
Peter Hannam

What’s next for interest rates? Even RBA governor Michele Bullock admits she doesn’t know

RBA governor Michele Bullock
RBA governor Michele Bullock says there are some people who seem convinced they know exactly what to do – but ‘it’s not as easy as that’. Photograph: Dean Lewins/AAP

It seems everybody wants to know what the Reserve Bank is going to do with interest rates, not least politicians and the Canberra press gallery itching for a federal election.

Might the RBA shove the economy into a recession with a 14th rate hike to ensure the inflation threat is firmly back in its box? Or, still more likely, will the central bank spare the many households struggling to repay debt with a rate cut this year?

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