John Edwards is ex of the Reserve Bank of Australia. There is a piece from him doing the rounds today on his view on RBA rate hikes
He says:
- The time is coming to get back to normal
- It seems to me that something like eight quarter percentage point tightenings over 2018 and 2019 are distinctly possible, if the RBA's economic forecasts prove correct. It's possible the tightening could start earlier, or if not the tightening itself, at least the signalling which should precede it. We may be seeing a little of that now.
The article was out a couple of days ago, but if you'd like to check it out: Rising interest rates and the RBA
--
ps. something like eight quarter percentage point tightenings over 2018 and 2019 are distinctly possible
No way, Jose.