National Australia Bank CEO says 3 more RBA rate hikes are possible

National Australia Bank CEO Ross McEwan

Speaking in a local radio interview here in Australia:

• “We’re now starting to see that households are starting to feel the pressure of not just interest rates going up but also power bills, the grocery bills, everything’s moving up,’’
• “That’s why the Reserve Bank has to stem the inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term play that we have at the moment and the tools they have are interest rate rises.
• “So I think we’re in for another at least two, possibly three more interest rate rises over the next six months.”

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Earlier on the RBA:

• Cash rate in Australia seen at 3.85% by end of June (poll) and held there until end-2023