Powered by MOMENTUM MEDIA
the adviser logo
Growth

OECD says rates to rise in 2008

by Staff Reporter2 minute read

The RBA will need to raise interest rates to curb growth and inflation the Organisation for Economic Cooperation and Development (OECD) said in its Economic Outlook released overnight.

The OECD expects headline inflation to average 3.2 per cent over 2008 and warned that interest rates will have to be tightened to bring the CPI in line with the RBA’s inflation target of two to three per cent.

To continue reading the rest of this article, create a free account
Already have an account? Sign in

The organisation also forecast that output growth could hit 4.25 per cent this year but that it should gradually slow over 2008-09.

 

OECD says rates to rise in 2008
default
TheAdviser logo
default

JOIN THE DISCUSSION

You need to be a member to post comments. Register for free today

MORE FROM THE ADVISER

daniel tuttlebee resimac asset fInance ta l27zun

Resimac takes controlling stake in Sonder

Resimac Asset Finance has expanded its acquisition stake in equipment finance business Sonder Equipment Finance...

READ MORE
asic ta 2

ASIC seeks ‘common-sense solutions’ to breach reporting

The Australian Securities & Investments Commission (ASIC) has committed to “improving” the operation of the...

READ MORE
andrew mills homestart ta htfetw

HomeStart drops graduate loan deposit to 2%

HomeStart Finance, a non-bank lender backed by the South Australian state government, has lowered the deposit hurdle...

READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more