More rate hikes ahead?! Veteran economist Warren Hogan thinks the RBA could hike to 5% in 2024

Interest rates could be hiked three more times this year!
One of 2023’s most accurate RBA forecasters, Judo Bank chief economic advisor Warren Hogan, has made a prediction that could rattle borrowers across Australia.
He forecasts that the central bank will be forced to hike again (and again, and again) in 2024.
Discover why Mr Hogan believes these drastic measures are necessary to combat stubborn inflation.
Watch the conversation above and listen to full episodes here: www.savings.co...

[@gcc849]

Thank you Warren for giving us your time And thanks guys for your efforts 👍

[@weishi8620]

He is honest and frank. By just looking at the data, if inflation keeps going up, and unemployment rate stays low. We definitely will have rate hikes regardless whether we like it or not. His comment might actually bring down some inflation.

[@alech120]

thanks guys for this interview.

[@alech120]

He is right. You won't need to be an economist to say that. Everything tells you out there.

[@boxedog]

yet CBAs “base case” is 150 points of cuts in 2025 lmao

[@Benjamin-howdytiger]

Does housing price have to come down ?

[@andrewbroome7404]

No. The government doesn't want that, so they open the immigration floodgates to make sure landlords can raise rents/ rate rises won't affect them

[@andrewbroome7404]

There's also perpetual growth legislated into the system with tax free capital gains/ the ability to leverage against unearned untaxed and unrealised capital gains ensures growth for the sake of growth. All whilst FHBs have to pay tax on every dollar EARNED for a deposit and to pay off the loan

[@Benjamin-howdytiger]

@@andrewbroome7404 so what happens then ? Seems like a pressure cooker something must give

[@Benjamin-howdytiger]

@@andrewbroome7404 how does Australia get back to more affordable time

[@andrewbroome7404]

​@Benjamin-howdytiger tax capital gains made above the rate of inflation (including gains accessed in the for of unearned equity used to leverage up and buy more property).. BUT lower income tax to offset the extra revenue. That way contributors will be rewarded as opportunities to asset/ debt owners. Also lower immigration to net zero until infrastructure catches up- the would limit landlords ability to pass on the interest rate rises from their investments to renters. That would force them to sell, therefore lower prices

[@peterburke8650]

My personal opinion is 9 percent by the time this 14 year inflationary cycle is over.

[@matthewriddle-tt8mi]

I was thinking 8 give or take Yield curve screaming negative CPI index is a joke

[@peterbozich4433]

The inflation is being created by the US Fed, so raising rates in Australia just wont crush inflation. World rates are negative compared to what real rates should be. Look at Gold, a true inflation gauge, hitting record highs in every currency, say no more.

[@matthewriddle-tt8mi]

I totally agree keep stacking bud 👍

[@detectiveofmoneypolitics]

Economic investigator Frank G Melbourne Australia is following this very informative content cheers Frank 😊

[@francisbrooks9454]

Wow KZbin actually gives me a good suggestion for once.

[@jaytee7642]

Spot on analysis, basic economics you learn in high school

[@anomadhunter]

The domestic inflation has been stoked by massive increases in government spending, and massive increases in immigration. Raising rates won’t address these two drivers…it will only serve to punish existing homeowners with variable rate mortgages , and drive up unemployment as businesses will struggle to survive higher debt costs. I hope they actually do what Warren is predicting, as it will be the end of the Albanese government (finally).

[@leonie563]

Sell one of the 3 cars Stop jabbing yrself with fillers, age normally Raid super for the mortgage offset Find a decent Indy School Embrace chicken Holiday in the backyard Normal TV is ok Laptop movie in bed is😯 Friday pamper is cheap Nescafe & Milo is ok☕ Bodyshop, DUSK, Wizard Pharmacy all give vouchers Embrace yellow stickers at grocery shops Or sell and move into parents and explore what next might look like. Keep the marriage.

[@davidbrayshaw3529]

What? You mean, "live within my means"? Don't be silly, Leonie. If I run out of the money that I borrowed, I'll just borrow more money. There! Easy, isn't it.

[@jonathonwoolven2613]

Raise

[@prancer4743]

100 % agree they have been so slow to listen to the rest of the world 🤔😳👀👍😁

[@teatree6228]

Rba loan rate was 1.85-2% bank home loan, savings rate was 0.1% In OECD- home loan was zero

[@99silver89]

would,nt a new digital $ bring every thing back into line and wipe goverment debts around the world ect ? you say its unreal how fast inflation has gone up but its rates also fell off a cliff over night as well so a correction was always on the cards . i am all for rate rises if it helps cap the housing market and helps familys enter the market are a fair price