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5/25, 3:32 AM (Source: TeleTrader)
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RBA's Ellis expects more rate hikes

The Reserve Bank of Australia assistant governor for economics Luci Ellis echoed the central bank's latest meeting minutes in saying she expects to see more rate hikes before year-end.

While addressing the Urban Development Institute of Australia 2022 national conference, Ellis noted the rate increases will see the demand-supply imbalance decline. "As interest rates increase, the boost to demand from the current low-interest rates will also wane and the shifts in demand stemming from the pandemic will have worked their way through," she stated.

Baha Breaking News (BBN) / NL