Cash rate rises don’t seem to have ‘appreciably slowed’ economic activity: Yetsenga

ANZ Chief Economist Richard Yetsenga says the Reserve Bank of Australia will likely increase interest rates by 50 basis points in October.

“I think we’ll see a continuation of the run of 50 basis point moves,” he told Sky News Business Reporter Ed Boyd.

Mr Yetsenga said some survey indicators suggest the economy has managed to run well, despite the rate rises.

“In fact, almost anything outside the housing sector is saying the rate hikes we’ve seen to date don’t seem to have appreciably slowed activity and so are unlikely to have affected businesses’ willingness to pass cost…

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Written by Bourbiza Mohamed

I have 26 years of experience as a professional writer and editor and have been working as a full time freelancer since 2011. I am originally from Casablanca, Morocco, and I graduated from Qatar University with a degree in journalism. I have worked for newspapers, magazines, news agencies, websites. I speak fluent Arabic, French, English, Russian and Spanish.

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